Prediction: SoundHound Passes $500 Million in Revenue Before It Turns a Profit
Sales grew 45% year over year last quarter, an acquisition is about to add more -- and the losses are shrinking far more slowly.
SoundHound's second-quarter revenue reached a record $61.9 million, a 45% increase year over year. The company has raised its full-year outlook and now expects to generate $230 million to $260 million in revenue in 2026.
According to the Motley Fool, SoundHound's revenue could reach $500 million annually before the company turns a profit. This prediction is based on the company's current growth rate and the recent acquisition of LivePerson, which was approved by shareholders on September 2 and closed on September 4.
The Nasdaq Markets reports that SoundHound's revenue has grown significantly, but the company's losses are decreasing at a slower rate. The company's revenue growth is expected to continue, driven by its expanded business and recent acquisition.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
