Earnings ·
SoundHound AI reports Q3 revenue of $62.4M and announces restructuring with up to $22M in charges
SOUNSoundhound AI, Inc.
SoundHound AI reported third-quarter revenue of $62.4 million, a 48% increase year-over-year, alongside a GAAP net loss of $46.4 million. The company also announced the implementation of a global workforce reduction of approximately 27%, estimating pre-tax charges between $18 million and $22 million, primarily for severance. Management guided for full-year 2026 revenue in the range of $250 million to $260 million and sustained adjusted EBITDA profitability within the second half of 2027. SoundHound AI is a voice and agentic AI company that enables businesses to deliver natural, end-to-end conversational experiences across digital and physical channels.