SoundHound AI (SOUN) Revenue & Revenue Breakdown
SoundHound AI Revenue Highlights
Latest Revenue (Y)
$45.87M
Latest Revenue (Q)
$13.46M
Main Segment (Y)
Licensing
Main Geography (Y)
KOREA, REPUBLIC OF
SoundHound AI Revenue by Period
SoundHound AI Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $45.87M | 47.36% |
| 2022-12-31 | $31.13M | 46.86% |
| 2021-12-31 | $21.20M | 62.84% |
| 2020-12-31 | $13.02M | 69.56% |
| 2019-12-31 | $7.68M | - |
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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $13.46M | 16.11% |
| 2024-03-31 | $11.59M | -32.38% |
| 2023-12-31 | $17.15M | 29.24% |
| 2023-09-30 | $13.27M | 51.62% |
| 2023-06-30 | $8.75M | 30.48% |
| 2023-03-31 | $6.71M | -29.41% |
| 2022-12-31 | $9.50M | -15.06% |
| 2022-09-30 | $11.19M | 81.83% |
| 2022-06-30 | $6.15M | 43.40% |
| 2022-03-31 | $4.29M | -16.72% |
| 2021-12-31 | $5.15M | 27.88% |
| 2021-09-30 | $4.03M | -51.35% |
| 2021-06-30 | $8.28M | 121.42% |
| 2021-03-31 | $3.74M | -11.21% |
| 2020-12-31 | $4.21M | - |
SoundHound AI generated $13.46M in revenue during Q2 2024, up 16.11% compared to the previous quarter, and up 200.72% compared to the same period a year ago.
SoundHound AI Revenue Breakdown
SoundHound AI Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Professional Service | $8.28M | $4.22M |
| Licensing | $18.60M | $8.32M |
| Hosted Services | $18.36M | $17.74M |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 |
|---|---|---|---|---|---|---|---|
| Professional Service | $1.47M | $1.44M | $912.00K | $4.28M | $1.64M | $1.58M | $694.00K |
| Licensing | $1.09M | $9.93M | $7.93M | $559.00K | $179.00K | $2.66M | $5.39M |
| Hosted Services | $8.91M | $5.61M | $4.26M | $3.75M | $4.75M | $5.07M | $4.88M |
SoundHound AI's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Hosted Services (77.64%), Professional Service (12.83%), and Licensing (9.53%).
SoundHound AI Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| Other Countries | $2.40M | $1.23M |
| FRANCE | $4.09M | $4.02M |
| GERMANY | $5.95M | $4.13M |
| JAPAN | $3.71M | $3.87M |
| KOREA, REPUBLIC OF | $22.96M | $14.53M |
| UNITED STATES | $6.77M | $3.34M |
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
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 |
|---|---|---|---|---|---|---|
| Other Countries | $973.00K | $1.25M | $796.00K | $142.00K | $207.00K | $136.00K |
| GERMANY | - | $153.00K | $196.00K | $3.81M | $1.79M | $1.07M |
| JAPAN | $923.00K | $926.00K | $922.00K | $922.00K | $937.00K | $925.00K |
| FRANCE | $2.57M | $1.50M | $1.01M | $847.00K | $730.00K | $650.00K |
| UNITED STATES | $3.73M | $4.49M | $792.00K | $704.00K | $786.00K | $2.65M |
SoundHound AI's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (45.56%), FRANCE (31.31%), Other Countries (11.87%), and JAPAN (11.26%).
SoundHound AI Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CRM | Salesforce | $34.86B | $9.32B |
| WDAY | Workday | $7.26B | $2.08B |
| SHOP | Shopify | $7.06B | $1.86B |
| ZM | Zoom Video Communications | $4.53B | $1.16B |
| QH | Quhuo | $3.70B | - |
| SNOW | Snowflake | $2.81B | $868.82M |
| SOUN | SoundHound AI | $45.87M | $13.46M |
| MVLA | Movella | $40.47M | $8.36M |
| HKD | AMTD Digital | $33.07M | $4.34M |
| PRST | Presto Automation | $26.14M | $4.45M |
| HTCR | HeartCore Enterprises | $21.85M | $5.05M |
| CXAI | CXApp | $7.37M | $1.77M |
| INPX | XTI Aerospace | $6.46M | $220.00K |
| IFBD | Infobird | $5.51M | - |
| IDAI | T Stamp | $4.56M | $573.68K |
| BMR | Beamr Imaging | $2.91M | $1.95M |
| KBNT | Kubient | $2.40M | $11.75K |
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 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). The company'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). SOUN's quarterly revenue for Q4 2023 was $17.15M, a 29.24% increase from the previous quarter (Q3 2023), and a 80.48% increase year-over-year (Q4 2022).
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 Professional Service, Licensing, and Hosted Services. 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. Hosted Services generated $18.36M in revenue, accounting 40.59% of the company's total revenue, up 3.50% 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.