The earnings call highlighted significant revenue growth and strategic expansions in various sectors, including automotive, EV, and AI customer service. However, the company faced challenges with decreased margins and increased expenses due to recent acquisitions. Despite these challenges, the overall sentiment leans positive due to strong growth metrics and diversification of the customer base.

Company Guidance

In the SoundHound Q3 2024 earnings call, the company reported significant growth metrics, highlighting a revenue increase of 89% year-over-year, surpassing $25 million in a single quarter for the first time. Additionally, SoundHound achieved a remarkable run rate of over 6 billion queries annualized, demonstrating a growth of over 100% year-over-year. The company expanded its AI agent customer service into hundreds of more brands, with notable customer wins across various sectors, including financial services and healthcare. SoundHound's automotive portfolio also showed robust progress, with new partnerships and expansions, such as signing four new electric vehicle (EV) deals and rolling out their generative AI-enhanced digital assistant with seven Stellantis brands. The company continues to diversify and strengthen its market position, aiming for a 2025 revenue range of $155 million to $175 million, and targeting adjusted EBITDA profitability by the end of 2025.

Record Revenue Growth

Revenue increased by 89% year-over-year, surpassing $25 million in a quarter for the first time.

Expansion in Automotive and EV Segments

Strong traction in the EV space with new partnerships in the Middle East and expansion with Stellantis.

Diverse Customer Base

Revenue from the top five customers now represents less than one-third of total revenue, down from over 90% last year.

Growth in AI Customer Service

AI agent offerings now constitute more than half of the business, with significant new contracts signed in telecom, healthcare, insurance, and banking.

Technological Advancements

Introduction of the Polaris Foundation model, enhancing accuracy and reducing hosting costs.

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SoundHound AI, Inc Class A (SOUN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SOUN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 16, 2022	2022 (Q1)	- / -2.00	-0.005	-39900.00% (-2.00)	―	―
Aug 11, 2022	2022 (Q2)	-0.37 / -0.19	-0.004	-4650.00% (-0.19)	―	―
Nov 10, 2022	2022 (Q3)	-0.17 / -0.15	-0.011	-1263.64% (-0.14)	―
Mar 07, 2023	2022 (Q4)	-0.17 / -0.15	-0.036	-316.67% (-0.11)	―
May 11, 2023	2023 (Q1)	-0.12 / -0.13	-2	93.50% (+1.87)	―
Aug 08, 2023	2023 (Q2)	-0.12 / -0.10	-0.19	47.37% (+0.09)	―
Nov 09, 2023	2023 (Q3)	-0.09 / -0.09	-0.15	40.00% (+0.06)	―
Feb 29, 2024	2023 (Q4)	-0.06 / -0.07	-0.15	53.33% (+0.08)	―
May 09, 2024	2024 (Q1)	-0.09 / -0.12	-0.13	7.69% (+0.01)	―
Aug 08, 2024	2024 (Q2)	-0.09 / -0.11	-0.1	-10.00% (>-0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SOUN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$7.56	$6.27	-17.06%
Aug 08, 2024	$5.21	$4.87	-6.53%
May 09, 2024	$4.75	$5.09	+7.16%
Feb 29, 2024	$7.42	$6.04	-18.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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