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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$45.87M47.36%
2022-12-31$31.13M46.86%
2021-12-31$21.20M62.84%
2020-12-31$13.02M69.56%
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

DateRevenueChange
2024-09-30$25.09M86.41%
2024-06-30$13.46M16.11%
2024-03-31$11.59M-32.38%
2023-12-31$17.15M29.24%
2023-09-30$13.27M51.62%
2023-06-30$8.75M30.48%
2023-03-31$6.71M-29.41%
2022-12-31$9.50M-15.06%
2022-09-30$11.19M81.83%
2022-06-30$6.15M43.40%
2022-03-31$4.29M-16.72%
2021-12-31$5.15M27.88%
2021-09-30$4.03M-51.35%
2021-06-30$8.28M121.42%
2021-03-31$3.74M-11.21%
2020-12-31$4.21M-

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$18.36M$17.74M
Professional Service$8.28M$4.22M
Licensing$18.60M$8.32M

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$2.85M$1.47M$1.44M$912.00K$4.28M$1.64M$1.58M$694.00K
Licensing$4.62M$1.09M$9.93M$7.93M$559.00K$179.00K$2.66M$5.39M
Hosted Services$17.55M$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 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$2.40M$1.23M
KOREA, REPUBLIC OF$22.96M$14.53M
FRANCE$4.09M$4.02M
GERMANY$5.95M$4.13M
JAPAN$3.71M$3.87M
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

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Sep 22
FRANCE$852.00K$2.57M$1.50M$1.01M$847.00K$730.00K$650.00K
UNITED STATES$13.47M$3.73M$4.49M$792.00K$704.00K$786.00K$2.65M
Other Countries$7.69M$973.00K$1.25M$796.00K$142.00K$207.00K$136.00K
GERMANY$33.00K-$153.00K$196.00K$3.81M$1.79M$1.07M
JAPAN-$923.00K$926.00K$922.00K$922.00K$937.00K$925.00K

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$34.86B$9.44B
WDAYWorkday$7.26B$2.17B
SHOPShopify$7.06B$1.86B
ZMZoom Video Communications$4.53B$1.18B
QHQuhuo$3.70B-
SNOWSnowflake$2.81B$942.09M
SOUNSoundHound AI$45.87M$25.09M
HKDAMTD Digital$33.07M$4.34M
HTCRHeartCore Enterprises$21.85M$5.05M
CXAICXApp$7.37M$1.90M
IFBDInfobird$5.51M-
IDAIT Stamp$4.56M$511.08K
BMRBeamr Imaging$2.91M$1.95M

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.