SoundHound AI Inc (SOUN) stock soared 9.10% in pre-market trading on Friday, following the company's better-than-expected fourth-quarter 2024 earnings and an upbeat outlook for 2025 as it enters the "era of Agentic AI."

The AI voice technology company reported record revenue of $34.5 million for the fourth quarter, up 101% year-over-year, driven by strong growth across its automotive, restaurant, and enterprise customer service segments. SoundHound also raised its full-year 2025 revenue guidance to a range of $157 million to $177 million, up from its previous estimate of $155 million to $175 million.

Highlighting the company's growth drivers, CEO Keyvan Mohajer stated, "We had a breakthrough year, expanding our leadership position in voice and conversational AI through major customer wins, expanded partnerships, groundbreaking generative AI innovation, and strategic acquisitions." Some key developments in Q4 include:

• Unveiling the first in-vehicle voice commerce platform, enabling seamless voice-controlled food ordering on the go.
• Winning notable deals in healthcare, including Duke Health, Englewood Health, and Wellstar Health System.
• Signing a multi-year, high seven-figure deal with one of the largest electric utilities in the United States.

As SoundHound enters the "era of Agentic AI," where autonomous agents collaborate to achieve complex goals, the company believes its proven conversational AI platform and deep AI expertise position it to capitalize on this evolving market opportunity.