Last quarter, SoundHound posted revenue of $42.05 million, up 68% year-over-year, and beat the non-GAAP EPS consensus by a wide margin, coming in at -$0.03 versus the -$0.09 estimate. Management followed that with a raised full-year revenue guide of $165 to $180 million.
If you've ever used tools like PhonicMind or LALAL.AI, you know the drill: Upload your MP3. Wait in a queue. Pay for "credits" or high-quality downloads. Your file sits on someone else's server. For musicians, producers, or just karaoke fans, this is slow and privacy-invasive.
But to anyone tracking the data over the past few years, it was inevitable. In 2022, Bad Bunny's Un Verano Sin Ti redefined the market, driving Latin music's streaming growth to new heights. It later became the first Spanish-language album nominated for Grammy Album of the Year. The takeaway is simple: When you have accurate, real-time data, you don't guess where culture is going, you know.
Spotify's "Smart Reorder" option, announced on Wednesday, is available now in the Spotify app for Premium subscribers. To try it out, open a playlist and tap the "Mix" button then "Edit." The "Smart Reorder" button should be at the bottom of the editing screen.
And, make no mistake, they will be five songs you're really into right now, because that's how many of these services work-and it's not because everyone else has the same taste in music as you. For instance, any Spotify playlist that says "created for" in the header is catered to the individual user, based on their listening history. There's nothing wrong with that, necessarily-it can be nice to know you're going to hear songs you like. But there are downsides.