Sound Group completes $4 million share repurchase program

SINGAPORE - Sound Group Inc (NASDAQ:SOGP) has completed the cancellation of 951,252 American depositary shares (ADSs) repurchased under its $4 million share repurchase program, the company announced Tuesday. The company maintains a strong financial position with a healthy current ratio of 1.8 and more cash than debt on its balance sheet, according to InvestingPro data.

The audio-centric social and entertainment company repurchased the shares for an aggregate consideration of $3,999,984.99, excluding transaction-related expenses. Following the cancellation, Sound Group’s total issued and outstanding shares amount to approximately 832 million ordinary shares, equivalent to 4.16 million ADSs. The company’s stock has shown remarkable performance, delivering over 720% return in the past year, with revenue growing at 39% year-over-year.

"By utilizing nearly all of the allotted funds to repurchase and reduce the number of outstanding shares, we have enhanced earnings per share," said Jinnan (Marco) Lai, founder, CEO and Chairman of the Board of Sound Group.

The company stated that both its repurchase and cash dividend programs have now been completed, and it is actively pursuing further opportunities to return value to shareholders.

Sound Group, which has been listed on Nasdaq since January 2020, describes itself as a global audio-centric social and entertainment company focused on building an audio platform to enhance human connection. With an overall financial health score rated as "GOOD" by InvestingPro, which offers 12 additional insights about the company’s potential, Sound Group appears well-positioned for future growth.

The announcement was made in a press release statement issued by the company.

In other recent news, Sound Group Inc. announced a special cash dividend, with Nasdaq setting October 1, 2025, as the ex-dividend date. The company will distribute a dividend of $0.005 per ordinary share, equivalent to $1.00 per American Depositary Share (ADS). This dividend will be paid to shareholders of record as of September 15, 2025, with the payment date scheduled for September 30, 2025. These developments are part of Sound Group’s recent strategic financial actions. There have been no recent updates regarding mergers, acquisitions, or analyst upgrades or downgrades for the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.