SoundHound SPAC Presentation Deck
Attractive Valuation Relative to EBITDA and Profitability
TEV/
EBITDA
EBITDA
Margins
SoundHound
2025P
EBITDA
10.8x
SoundHound
2025P 2026P
EBITDA EBITDA
40%
30%
SoundHound
87.5×
shopify
43%
67.5×
NVIDIA
35%
theTradeDesk zoom
47.2x 45.6x
T
TESLA
Disruptive Al and Monetization
2024P EBITDA
35%
Snap Inc.
theTradeDesk
30%
30.8x
NVIDIA
zoom
26%
I
28.8x
T
TESLA
Roku
2024P EBITDA
20%
23.6x
Roku
Snap Inc.
19%
S shopify
NM
Average: 47.3x
NM
NM
//.monday.com snowflake
NM
ΝΑ
Average: 30%
11.monday.com><snowflake
twilio
ΝΑ
twilio
Incumbent
Voice Al
2024P EBITDA
19.1x
NUANCE
39%
16.6x
2024P EBITDA
cerence
cerence
38%
II
NUANCE
41
©2021 SoundHound Inc.
Source: Management estimates, Company materials, Wall Street research, CapitallQ, and FactSet as of 11/12/2021. Note: Nuance multiple reflects trading as of market close on the day prior to the announced acquisition by Microsoft. Nuance forecasts
reflect management estimates. NM indicates multiples are greater than 100.0x or less than 0.0x or indicates that margins are less than 0%. NA indicates the underlying data is unavailable.View entire presentation