Markets
SoundHound AI Stock Sinks 6.57% After Wider Adjusted Losses — Erasing $126 Million
The voice-software company plans to cut approximately 27% of its global workforce while moving away from upfront licensing revenue.
SOUN
SoundHound AI (SOUN) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
SoundHound AI Plans Approximately 27% Workforce Cut As Adjusted Losses Widen
The voice AI company is moving toward hosted services and targeting $120 million in annual savings after buying LivePerson.
Earnings
SoundHound Gives Up $35 Million Of 2026 Revenue On Purpose, Swapping Upfront Licenses For Hosted Deals
CFO John Collins says the cut comes from exiting weak contracts and licensing, and the company now guides to positive adjusted EBITDA in late 2027.