LivePerson Inc · Q3 2022 earnings

Briefing

LivePerson's Q3 2022 financial results were announced, demonstrating a year-over-year revenue increase and adjusted EBITDA exceeding guidance.

LivePerson reported a 9.5% year-over-year increase in revenue for Q3 2022, reaching $129.6 million. The company's adjusted EBITDA was above the top end of its guidance. They are raising full year revenue guidance to $517 million - $521 million.

• Total revenue increased by 9.5% year-over-year to $129.6 million.
• Business operations revenue increased 10% year-over-year to $120.1 million.
• Adjusted EBITDA was $9.1 million, compared to $6.9 million in the same period last year.
• The company signed 7 seven-figure deals and 86 deals in total.

Headline financials

Revenue & EPS history

LivePerson expects continued strong performance by WildHealth and elevated professional services in the fourth quarter. Considering those expectations, coupled with more upsells and early renewals in the third quarter than previously expected, they are raising revenue guidance for the full year. They now expect revenue in a range of $517 million to $521 million, or 10% to 11% year over year growth. As for adjusted EBITDA in the fourth quarter, they expect a range of $14.9 million to $24.0 million, or 12% to 19% margin relative to the midpoint of revenue guidance. They are expecting non-GAAP gross margins to be in the range of 72% to 74%.