SoundHound AI, Inc. (SOUN) Tops Q1 EPS by 2c, updates guidance

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Go back to SoundHound AI, Inc. (SOUN) Tops Q1 EPS by 2c, updates guidance

SoundHound AI (SOUN) stock jumps on strong subscription demand in Q1

May 10, 2024 10:35 AM EDT

SoundHound AI (NASDAQ: SOUN) shares jumped Friday on the back of its latest quarterly results, which saw it top earnings estimates.

The company's loss per share for the first quarter was ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $11.6 million versus the consensus estimate of $11.86 million.

Revenue grew 73% year-on-year (YoY),... More