SoundHound AI(NASDAQ:SOUN) shares are up 22.20% in premarket trading on Friday, after the company delivered record-breaking second-quarter financial results that far exceeded analyst expectations.
The stock’s surge followed SoundHound’s announcement of exceptional quarterly performance, posting revenue of $42.7 million, a 217% jump from the prior year’s $13.5 million and well above analyst expectations.
“In SoundHound’s strongest ever quarter, many of our previous strategic moves delivered high-impact results with growth across every business unit. We realized significant new wins as well as cross-sell deals, demonstrating the incredible opportunity we predicted with our 2024 acquisitions,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI.
The company’s
