SoundHound AI’s Q3 2025 revenue increased by 68% year over year, signaling a shift from meme stock chaos to legitimate business execution. The company aims to achieve adjusted EBITDA breakeven in Q4 2025, targeting a $140 billion addressable market for voice AI applications.

SoundHound AI, despite being a newish stock, has been around since 2009. It has transitioned from a mobile app identifying songs to a provider of voice interpretation software for various industries. The company raised $244 million through a SPAC merger and aims for ambitious growth in its voice AI business.

The stock witnessed meme stock frenzy in 2024, driven by a modest investment from Nvidia. This led to a sharp rise in the stock price, attracting social media chatter and short squeeze attempts. However, SoundHound AI’s business fundamentals remained solid amidst the market speculation.

SoundHound AI is now focused on business expansion, launching new products and services. Revenue growth of 68% in Q3 2025 and the target for EBITDA breakeven in Q4 indicate positive momentum. With a $140 billion total addressable market, the company is positioning itself for long-term success in voice AI applications.

Read more at Nasdaq: Is SoundHound AI (SOUN) a Buy?