SoundHound AI Q2 revenue jumps 217%, beats expectations
Overview
- SoundHound AI Q2 revenue rises 217% yr/yr, beating analyst expectations, per LSEG data
- Adjusted EBITDA loss of $14.3 mln beats analyst estimates
- Co raises full-year revenue outlook, reflecting confidence in growth
Outlook
- SoundHound raises full-year 2025 revenue outlook to $160 mln - $178 mln
Result Drivers
- AUTOMOTIVE GROWTH - Significant new win in China for voice assistant integration with a major OEM, expanding in India with KIA
- RESTAURANT EXPANSION - Breakthrough quarter with new wins and expansions in restaurant sector, including Red Lobster and Chipotle
- ENTERPRISE AI - Unveiled Amelia 7 platform, with 15 large enterprise customers migrating to this AI agent platform
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $42.70 mln | $32.90 mln (8 Analysts) |
Q2 EPS |
| -$0.19 |
|
Q2 Net Income |
| -$74.70 mln |
|
Q2 Adjusted EBITDA | Beat | -$14.30 mln | -$17.80 mln (8 Analysts) |
Analyst Coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the it services & consulting peer group is "buy"
- Wall Street's median 12-month price target for SoundHound AI Inc is $11.00, about 1.8% above its August 6 closing price of $10.80
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