Stock Track | SoundHound AI Stock Soars Over 9% After Hours on Q4 Beat and Raised 2025 Guidance

Stock Track

02-28

Shares of SoundHound AI Inc (NASDAQ: SOUN) surged over 9% in after-hours trading on Thursday, following the company's better-than-expected fourth-quarter 2024 results and an upwardly revised revenue outlook for 2025.

The voice artificial intelligence company reported fourth-quarter revenue of $34.5 million, beating analyst estimates of $33.7 million. SoundHound posted an adjusted loss per share of $0.05, beating expectations of a $0.10 loss. For the full year 2024, revenue grew 85% year-over-year to $84.7 million.

More importantly, SoundHound raised its full year 2025 revenue guidance to a range of $157 million to $177 million, up from the previous estimate of $155 million to $175 million. The raised outlook indicates that the company is seeing strong demand for its voice AI products and services across various industries such as restaurants, healthcare, automotive, and retail.

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