
SoundHound AI (NASDAQ:SOUN) Posts Earnings Results, Misses Estimates By $0.01 EPS

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SoundHound AI (NASDAQ:SOUN) reported quarterly earnings of ($0.06) per share, missing estimates by $0.01. Revenue was $44.20 million, exceeding expectations of $42.56 million, marking a 51.7% year-over-year increase. The company faces profitability challenges with a negative net margin of 91.84% and a net loss of $25 million. Despite these issues, SoundHound signed an agreement to acquire LivePerson, aiming to enhance its enterprise reach. Following the earnings report, SoundHound AI's stock fell 7.8% to $8.88.
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