Reported 2 days ago
SoundHound AI is experiencing significant success, with CEO Keyvan Mohajer declaring the latest quarter a 'blowout' as the company's stock surged nearly 30% following a 217% year-over-year increase in revenue. The voice AI firm is expanding into various industries and has forecasted revenue of $160 million to $178 million for fiscal 2025. Mohajer emphasized the impact of new deals and partnerships, including with major companies like Red Lobster and Chipotle, while aiming for adjusted EBITDA profitability by the end of 2025. SoundHound's technology, particularly in voice commerce, sets it apart in a rapidly automating market.
Source: YAHOO