SoundHound AI Inc (NASDAQ: SOUN) shares soared 7.6% in pre-market trading on Friday, following the company's better-than-expected fourth-quarter results 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, beating analyst estimates of $33.7 million. This marked a 101% year-over-year increase, 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. The company cited strong momentum and a robust pipeline of opportunities as it expands its voice AI solutions and introduces its "voice commerce ecosystem."
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 and wins in the fourth quarter include:
SoundHound's strong performance can be attributed to its continued innovation in voice AI, strategic acquisitions, and the expanding adoption of its solutions across various industries, including automotive, restaurants, healthcare, retail, and energy.
As the company enters the "era of Agentic AI," where autonomous agents collaborate to achieve complex goals, SoundHound believes its proven conversational AI platform and deep AI expertise position it to capitalize on this evolving market opportunity.
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