LivePerson Announces Third Quarter 2024 Financial Results
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LivePerson, Inc. reported its Q3 2024 financial results, with total revenue of $74.2 million, exceeding the high-end of their guidance range. However, this represents a 26.7% decrease from the previous year due to customer cancellations and downsells.
November 07, 2024 | 9:45 pm
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LivePerson's Q3 2024 revenue exceeded guidance at $74.2M but fell 26.7% YoY due to customer cancellations and downsells.
While LivePerson's revenue exceeded the high-end of their guidance, the significant year-over-year decline due to customer cancellations and downsells suggests mixed signals for investors. The positive aspect of beating guidance is offset by the negative trend in customer retention.
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