Business
/C O R R E C T I O N -- LivePerson, Inc./
In the news release, LivePerson Announces Fourth Quarter 2022 Financial Results, issued 15-Mar-2023 by LivePerson, Inc. over PR Newswire, we are advised by
About this update from Liveperson, Inc.
[{"type":"text","content":"In the news release, LivePerson Announces Fourth Quarter 2022 Financial Results, issued 15-Mar-2023 by LivePerson, Inc. over PR Newswire, we are advised by the company that the 14th paragraph should read \"For full year 2023 guidance, we expect total revenue to range from $422 million to $436 million or (18)% to (15)% year over year. We also expect Adjusted EBITDA to range from $15 million to $32 million, or a margin of 4% to 7%.\" Rather than \"For full year 2023 guidance, we expect total revenue to range from $395 million to $410 million or (18.9)% to (2)% year over year. We also expect Adjusted EBITDA to range from $20 million to $38 million, or a margin of 5.1% to 9.3%.\" as originally issued inadvertently. The subsequent table titled Full Year 2023 has been updated to reflect the information. The complete, corrected release follows:\n\nLivePerson Announces Fourth Quarter 2022 Financial Results\n\n\n-- Revenue of $122.5 million --\n--From 1Q22 to 4Q22, reduced costs by over $80M on annualized basis--\n--Uniquely Positioned to Deliver Enterprise Grade AI Leveraging Large Language Models--\nNEW YORK, March 15, 2023 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN) (\"LivePerson\" the \"Company\", \"we\" or \"us\"), a global leader in conversational AI, today announced financial results for the fourth quarter ended December 31, 2022.\n\n \n \n \n \n \n \n\n \nFourth Quarter Highlights\nTotal revenue was $122.5 million for the fourth quarter of 2022, a decrease of 1% as compared to the same period last year as the company continues to execute on its plan to exit non-core lines of business. Within total revenue, business operations revenue for the fourth quarter of 2022 decreased 1% from the comparable prior-year period to $113.0 million, and revenue from consumer operations decreased 3% from the comparable prior-year period to $9.4 million.\nLivePerson signed 90 deals in total for the fourth quarter, consisting of 44 new and 46 existing customer contracts, including 1 seven-figure deal. While the aggregate number of existing customer deals is down year over year, the aggregate number of Enterprise deals is up 21.7% year over year. Trailing-twelve-months average revenue per enterprise and mid-market customer increased 11% for the fourth quarter to $680,000, up from approximately $610,000 for the comparable prior-year period.\n\"As ...