Overview
LivePerson Q2 revenue falls 25.4% yr/yr but beats analyst expectations, per LSEG data
Net loss for Q2 was $15.7 mln, impacted by previous debt extinguishment gain
Company secured refinancing to deleverage balance sheet, extending runway to 2029
Outlook
LivePerson expects Q3 revenue between $56 mln and $59 mln
Company anticipates full-year revenue to range from $230 mln to $240 mln
LivePerson sees Q3 adjusted EBITDA between $(4) mln and $(2) mln
Company expects recurring revenue to represent 93% of total revenue
Result Drivers
CUSTOMER CANCELLATIONS - Revenue decline attributed to customer cancellations and downsells
AI CONVERSATIONS - 45% sequential increase in AI-powered conversations, per CEO John Sabino
REFINANCING AGREEMENT - Secured refinancing to deleverage balance sheet and extend runway through 2029, per CFO John Collins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $59.60 mln | $58.60 mln (4 Analysts) |
Q2 EPS | -$0.17 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for LivePerson Inc is $0.93, about 30.8% below its August 8 closing price of $1.21
Press Release: ID:nPnb37FTza
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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