
SoundHound AI Inc. (NASDAQ:SOUN) stock jumped 20.15% in premarket trading on Friday to $12.88 after reporting record quarterly results that crushed Wall Street estimates.
The voice AI company posted second-quarter revenue of $42.7 million, beating analyst expectations of $32.88 million and marking 217% year-over-year growth. Adjusted losses narrowed to $0.03 per share versus the $0.09 consensus estimate.