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SoundHound AI (SOUN) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

SoundHound AI Revenue Highlights

Latest Revenue (Y)

$45.87M

Latest Revenue (Q)

$25.09M

Main Segment (Y)

Licensing

Main Geography (Y)

KOREA, REPUBLIC OF

SoundHound AI Revenue by Period

SoundHound AI Revenue by Year

DateRevenueChange
2023-12-31-47.36%
2022-12-31-46.86%
2021-12-31-62.84%
2020-12-31-69.56%
2019-12-31--

SoundHound AI generated $45.87M in revenue during NA 2023, up 47.36% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

SoundHound AI Revenue by Quarter

DateRevenueChange
2024-09-30-86.41%
2024-06-30-16.11%
2024-03-31--32.38%
2023-12-31-29.24%
2023-09-30-51.62%
2023-06-30-30.48%
2023-03-31--29.41%
2022-12-31--15.06%
2022-09-30-81.83%
2022-06-30-43.40%
2022-03-31--16.72%
2021-12-31-27.88%
2021-09-30--51.35%
2021-06-30-121.42%
2021-03-31--11.21%
2020-12-31--

SoundHound AI generated $25.09M in revenue during Q3 2024, up 86.41% compared to the previous quarter, and up 286.76% compared to the same period a year ago.

SoundHound AI Revenue Breakdown

SoundHound AI Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Hosted Services--
Professional Service--
Licensing--

SoundHound AI's latest annual revenue breakdown by segment (product or service), as of Dec 23: Licensing (41.11%), Hosted Services (40.59%), and Professional Service (18.29%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
Professional Service--------
Licensing--------
Hosted Services--------

SoundHound AI's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Hosted Services (70.14%), Licensing (18.46%), and Professional Service (11.40%).

SoundHound AI Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
Other Countries--
KOREA, REPUBLIC OF--
FRANCE--
GERMANY--
JAPAN--
UNITED STATES--

SoundHound AI's latest annual revenue breakdown by geography, as of Dec 23: KOREA, REPUBLIC OF (50.06%), UNITED STATES (14.76%), GERMANY (12.97%), FRANCE (8.92%), JAPAN (8.08%), and Other Countries (5.22%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22
FRANCE-------
UNITED STATES-------
Other Countries-------
GERMANY-------
JAPAN-------

SoundHound AI's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (61.11%), Other Countries (34.88%), FRANCE (3.86%), and GERMANY (0.15%).

SoundHound AI Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CRMSalesforce--
WDAYWorkday--
SHOPShopify--
ZMZoom Video Communications--
QHQuhuo--
SNOWSnowflake--
SOUNSoundHound AI--
MVLAMovella--
HKDAMTD Digital--
PRSTPresto Automation--
HTCRHeartCore Enterprises--
CXAICXApp--
INPXXTI Aerospace--
IFBDInfobird--
IDAIT Stamp--
BMRBeamr Imaging--
KBNTKubient--

SOUN Revenue FAQ

What is SoundHound AI’s yearly revenue?

SoundHound AI's yearly revenue for 2023 was $45.87M, representing an increase of 47.36% compared to 2022. The company's yearly revenue for 2022 was $31.13M, representing an increase of 46.86% compared to 2021. SOUN's yearly revenue for 2021 was $21.2M, representing an increase of 62.84% compared to 2020.

What is SoundHound AI’s quarterly revenue?

SoundHound AI's quarterly revenue for Q3 2024 was $25.09M, a 86.41% increase from the previous quarter (Q2 2024), and a 89.13% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $13.46M, a 16.11% increase from the previous quarter (Q1 2024), and a 53.83% increase year-over-year (Q2 2023). SOUN's quarterly revenue for Q1 2024 was $11.59M, a -32.38% decrease from the previous quarter (Q4 2023), and a 72.86% increase year-over-year (Q1 2023).

What is SoundHound AI’s revenue growth rate?

SoundHound AI's revenue growth rate for the last 3 years (2021-2023) was 116.41%, and for the last 5 years (2019-2023) was 497.54%.

What are SoundHound AI’s revenue streams?

SoundHound AI's revenue streams in c 23 are Hosted Services, Professional Service, and Licensing. Hosted Services generated $18.36M in revenue, accounting 40.59% of the company's total revenue, up 3.50% year-over-year. Professional Service generated $8.28M in revenue, accounting 18.29% of the company's total revenue, up 96.09% year-over-year. Licensing generated $18.6M in revenue, accounting 41.11% of the company's total revenue, up 123.50% year-over-year.

What is SoundHound AI’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of SoundHound AI was Licensing. This segment made a revenue of $18.6M, representing 41.11% of the company's total revenue.