Systems and methods for identifying video highlights based on audio

Audio content may be captured during capture of spherical video content. An audio event within the audio content may indicate an occurrence of a highlight event based on sound(s) originating from audio source(s) captured within an audio event extent within the spherical video content at an audio event moment. Temporal type of the audio event providing guidance with respect to relative temporality of the highlight event with respect to the audio event and spatial type of the audio event providing guidance with respect to relative spatiality of the highlight event with respect to the audio event may be determined. A highlight event moment of the highlight event may be identified based on the audio event moment and temporal type of the audio event. A highlight event extent of the highlight event may be identified based on the audio event extent and the spatial type of the audio event.