NASDAQ$LPSN
LivePerson Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
LivePerson's Q1 2023 revenue aligned with expectations, while adjusted EBITDA surpassed guidance. The company divested Kasamba and repurchased a significant portion of convertible notes.
LivePerson's Q1 2023 saw a total revenue of $107.7 million, a 17% decrease compared to the same period last year. The company signed 70 deals, including 20 new and 50 existing customer contracts. Adjusted EBITDA was $(1.3) million, and the company reaffirmed its full-year revenue and adjusted EBITDA guidance.
- Total revenue for Q1 2023 was $107.7 million, a 17% decrease year-over-year.
- The company signed 70 deals in Q1, including 20 new and 50 existing customer contracts.
- Adjusted EBITDA for Q1 2023 was $(1.3) million, compared to $(17.6) million for Q1 2022.
- LivePerson reaffirmed its full-year 2023 revenue guidance of $394M to $408M and adjusted EBITDA guidance of $15M to $32M.
Headline financials
Revenue & EPS history
LivePerson · Revenue · Quarterly
$108M
Revenue by segment
LivePerson · $108M total across 2 segments · Q1 2023
- Hosted services$87.3M—81.1%
- Professional services$20.3M—18.9%
Forward guidance
LivePerson is reaffirming its full-year revenue and adjusted EBITDA guidance. For the second quarter, the company expects revenue between $95M and $99M and adjusted EBITDA between $3M and $7M.
Tailwinds
- Full year revenue guidance range is $394M to $408M.
- Full-year adjusted EBITDA guidance range of $15M to $32M.
- Recurring revenue component of total revenue in the second quarter is expected to be approximately 87%, which implies 2% growth sequentially.
- Sequential improvement in profitability expected for the remainder of the year.
- Wild Health’s growth in the first quarter was consistent with the expectations set last quarter for its core revenue to double for the full year.
Headwinds
- Second quarter revenue is expected to be $95M to $99M, a decline of -23% to -20% YoY.
- Sequential decline in total revenue from the first quarter is due primarily to professional services revenue from the JV that is not expected to continue.
- Part of the overperformance in the first quarter was due to the timing of certain expenses that we expect to recognize later in the year.
- Inclusive of Kasamba revenue, guidance range for full year revenue is a decline of -23% to -21% YoY.
- Normalizing for Kasamba in both periods, our revenue guidance range is a decline of -19% to -16% YoY.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-1.7%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-3.8%
Avg return
30 days after
35%
22 / 62 earnings
Positive
+43.3%
Q1 2020
Best reaction
-56.4%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -19.5% | -21.1% | |
| Q4 2025 | -1.1% | -1.5% | +1.9% | |
| Q3 2025 | +12.4% | -2.9% | +1.3% | |
| Q1 2025 | +8.1% | +12.8% | +0.0% | |
| Q4 2024 | -16.0% | -22.7% | -38.2% | |
| Q3 2024 | -25.7% | -27.4% | -23.1% | |
| Q2 2024 | -11.6% | -10.9% | -4.7% | |
| Q1 2024 | -2.0% | +11.9% | +10.2% | |
| Q4 2023 | -50.6% | -51.0% | -61.1% | |
| Q3 2023 | -9.0% | -7.7% | +15.0% | |
| Q2 2023 | +18.2% | +26.4% | -1.2% | |
| Q1 2023 | +27.9% | +0.7% | -17.4% | |
| Q4 2022 | -56.4% | -60.1% | -44.1% | |
| Q3 2022 | +20.4% | +34.7% | +12.0% | |
| Q2 2022 | -17.8% | -11.1% | -26.5% | |
| Q1 2022 | -5.4% | -6.3% | -14.1% | |
| Q4 2021 | -20.7% | +3.0% | +4.7% | |
| Q3 2021 | -5.3% | -6.7% | -32.3% | |
| Q2 2021 | -2.5% | -3.3% | +3.7% | |
| Q1 2021 | -3.1% | -3.5% | +1.2% | |
| Q4 2020 | +9.1% | +7.6% | -13.5% | |
| Q3 2020 | -5.5% | -3.8% | +2.4% | |
| Q2 2020 | +24.0% | +27.1% | +17.6% | |
| Q1 2020 | +43.3% | +44.5% | +47.6% | |
| Q4 2019 | -23.3% | -26.3% | -53.3% | |
| Q3 2019 | -16.3% | -16.1% | -9.8% | |
| Q2 2019 | +3.6% | -1.7% | +21.9% | |
| Q1 2019 | -0.8% | -0.7% | -3.2% | |
| Q4 2018 | +4.3% | +8.9% | +7.4% | |
| Q3 2018 | -7.5% | -11.0% | -16.7% | |
| Q2 2018 | +3.9% | +3.9% | +15.9% | |
| Q1 2018 | +8.4% | +9.3% | +17.5% | |
| Q4 2017 | +15.3% | +14.5% | +21.3% | |
| Q3 2017 | -17.9% | -16.4% | -21.4% | |
| Q2 2017 | +17.9% | +18.3% | +11.8% | |
| Q1 2017 | +22.6% | +27.7% | +41.5% | |
| Q4 2016 | -0.7% | +4.3% | -4.3% | |
| Q3 2016 | -3.0% | +1.2% | +0.0% | |
| Q2 2016 | -15.0% | -11.3% | +4.4% | |
| Q1 2016 | -3.5% | — | — | |
| Q4 2015 | -18.8% | — | — | |
| Q3 2015 | -7.9% | — | — | |
| Q2 2015 | +12.3% | — | — | |
| Q1 2015 | -10.3% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +21.8% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | -8.0% | — | — | |
| Q3 2013 | +20.8% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q4 2012 | -6.1% | — | — | |
| Q3 2012 | -12.5% | — | — | |
| Q1 2011 | +7.7% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2009 | -0.4% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2010 | -4.2% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q4 2010 | -3.5% | — | — |
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