SOUNDHOUND AI, INC.

SoundHound AI provided updated unaudited pro forma condensed combined financial information related to its LivePerson merger and announced an equity distribution agreement. The company entered into an agreement to sell up to $300 million of Class A common stock. Additionally, the Board approved amendments to the company's bylaws, and stockholders re-elected directors and ratified the independent auditor at the 2026 annual meeting. LivePerson, the acquisition target, reported Q1 2026 revenue of $56.96 million and a net loss of $8.83 million, showing an improved loss compared to the prior year.

SoundHound AI, Inc. reported a significant shift in its financial performance for the first quarter of 2026, with revenues increasing to $44.195 million from $29.129 million year-over-year. However, the company posted a net loss of $(25.028) million, or $(0.06) basic EPS, a stark contrast to the net income of $129.932 million, or $0.33 basic EPS, recorded in Q1 2025. The change in fair value of contingent acquisition liabilities significantly impacted operating expenses, contributing a gain of $39.392 million in Q1 2026 compared to $176.100 million in Q1 2025. The company continues to incur recurring losses and negative operating cash flows, with an accumulated deficit of $982.094 million as of March 31, 2026, though management expects to fund operations for at least the next twelve months.

SoundHound AI reported strong first-quarter 2026 financial results, with revenue growing 52% year-over-year to $44.2 million. The company also announced a definitive agreement to acquire LivePerson, a move expected to create a combined entity with a $500 million revenue opportunity and an accelerated path to profitability. Additionally, SoundHound AI launched OASYS, its new self-learning orchestrated agentic AI platform, and reaffirmed its full-year 2026 revenue outlook of $225 million to $260 million.

SoundHound AI, Inc. announced the launch of OASYS (Orchestrated Agent System), a new platform designed to power self-learning AI agents. This platform enables businesses to autonomously build, manage, and improve AI agents, significantly reducing the time required for complex tasks from months to minutes. OASYS unifies SoundHound's strategic acquisitions and core product portfolio into a single ecosystem, allowing for the deployment of orchestrated AI agents across various digital and physical channels to resolve customer queries and execute transactions.

SoundHound AI announced the renewal and expansion of its long-standing partnership with Casey's, the third-largest convenience retailer in the United States. SoundHound's AI-powered ordering agents have already supported Casey's in handling over 21 million guest interactions and processing millions of food orders across more than 2,600 locations. This expanded deal underscores the AI's proven ability to enhance customer service and operational efficiency, allowing Casey's team members to focus on preparing food and serving guests in-store.

SoundHound AI, Inc. announced it will release its first-quarter 2026 financial results on Thursday, May 7, 2026, after the market closes. The company will host a conference call and webcast on the same day at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Investors can access the live audio webcast and replay at investors.soundhound.com.

SoundHound AI, Inc. has entered into a Merger Agreement with LivePerson, Inc. Under the agreement, SoundHound's indirect wholly-owned subsidiary, Lightspeed Merger Sub Inc., will merge with and into LivePerson. Upon the merger's effectiveness, LivePerson will become an indirect wholly-owned subsidiary of SoundHound AI. Each share of LivePerson common stock will be converted into a right to receive a number of shares of SoundHound Class A common stock.

SoundHound AI, a leader in voice and conversational AI, announced its definitive agreement to acquire LivePerson, a pioneer in enterprise conversational AI. This acquisition aims to unify SoundHound's voice and agentic AI platform with LivePerson's digital engagement capabilities, which process one billion customer messages monthly, creating a comprehensive end-to-end omnichannel solution. The combined company anticipates a $500 million revenue opportunity, an accelerated path to profitability, a strong balance sheet, and no debt. It will serve a broad enterprise customer base across 30+ countries, including 25 Fortune 100 companies and major players in global banking, airlines, automotive, and telecommunications.