Overview

* SoundHound Q3 revenue grows 68% yr/yr, beating analyst expectations

* Adjusted loss per share for Q3 beats consensus, while adjusted EBITDA missed expectations

* Company raises full-year revenue outlook, indicating confidence in future growth

Outlook

* SoundHound raises full-year 2025 revenue outlook to $165 - $180 mln

Result Drivers

* ENTERPRISE AI ADOPTION - CEO Keyvan Mohajer attributes revenue growth to booming global enterprise AI adoption and deployments in diversified industries

* STRATEGIC PARTNERSHIPS - Co cites new strategic partnerships and product suite expansion as drivers of growth

* PRODUCT EXPANSION - Co highlights updates to Amelia platform and new deals in IoT, automotive, and healthcare as growth drivers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $42 mln $40.5

Revenue mln (8

Analysts

)

Q3 Beat -$0.03 -$0.10

Adjusted (5

EPS Analysts

)

Q3 EPS -$0.27

Q3 Net -$109.3

Income mln

Q3 Miss -$14.5 -$12 mln

Adjusted mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 ( SOUN ) is $16.00, about 1.7% above its November 5 closing price of $15.72

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)