Core Viewpoint - SoundHound AI's latest earnings and guidance lay the foundation for the next phase of growth in its AI-related business, according to Wedbush, which maintains an "outperform" rating with a target price of $18, representing a nearly 26% upside from the stock's closing price of $14.23 on Thursday [1][2]. Financial Performance - For Q3, SoundHound AI reported revenue of $42.049 million, a year-over-year increase of 68% [1]. - Under Non-GAAP accounting, gross profit was $24.917 million, up 66% year-over-year; adjusted EBITDA was -$145 million, compared to -$159 million in the same period last year; and net loss was $130 million, improved from a net loss of $150 million year-over-year [1]. - The company raised its full-year revenue forecast for 2025 to between $165 million and $180 million, up from a previous guidance of $160 million to $178 million [2]. Market Outlook - Demand across various verticals remains strong, with slight improvement in the automotive sector and robust growth in other areas [2]. - Despite increasing competition and an uncertain macro environment, SoundHound AI demonstrates strong monetization capabilities in multiple high-potential AI markets, continuing its path toward profitable growth [2].