SoundHound AI reported record revenue in Q3 2026, although its shares fell after results beat analyst estimates. The company set the second half of 2027 as its timeline for sustained adjusted EBITDA profitability. On November 6, it announced the acquisition of LivePerson to expand its enterprise AI reach, with a target of $120 million in cost savings. Adoption of the OASYS system is a key factor in its path to profitability.
Growth followed the completion of its LivePerson acquisition, while the company posted an adjusted EBITDA loss of $20.7 million and set a target for sustainable profitability in the second half of 2027.
Read the full storyRevenue grew 48.5% year over year, but the adjusted EBITDA loss widened and gross margins declined, as the company targets adjusted profitability in the second half of 2027.