Welcome to our dedicated page for Liveperson news (Ticker: LPSN), a resource for investors and traders seeking the latest updates and insights on Liveperson stock.
LivePerson Inc (LPSN) delivers AI-powered customer conversation solutions for global enterprises through its Conversational Cloud platform. This centralized news hub provides investors and professionals with essential updates about the company's strategic developments.
Access official press releases and curated news covering product innovations, partnership announcements, and financial performance. Track key developments in conversational AI implementation, enterprise security enhancements, and omnichannel engagement strategies.
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LivePerson (Nasdaq: LPSN) reported record-high conversation volumes during the 2020 holiday season, fueled by a shift toward conversational commerce due to COVID-19. Key highlights include a 200% year-over-year increase in peak conversation volume during Cyber Weekend and a 186% rise on Cyber Monday. The findings suggest a permanent consumer preference for messaging over traditional shopping, as brands like a major bank and a leading beauty brand saw significant increases in engagement. CEO Robert LoCascio emphasized the lasting connections created through conversational commerce.
LivePerson, Inc. (LPSN) announced the pricing of $450 million in 0% Convertible Senior Notes due 2026, targeting qualified institutional buyers. An additional $67.5 million may be purchased by initial buyers. The offering's net proceeds are expected to be around $439.6 million, with $40.1 million allocated to capped call transactions. The Notes will convert into shares of LivePerson stock at an initial price of $75.23, a 42.5% premium over the recent closing price. Closing is expected on December 4, 2020.
LivePerson plans to offer $450 million of Convertible Senior Notes due 2026 to qualified institutional buyers. The offering includes a $67.5 million option for initial purchasers to buy additional Notes. These senior, unsecured obligations will bear interest payable semi-annually. The proceeds will be used for capped call transactions and general corporate purposes, including potential acquisitions. The Notes will convert under certain conditions and may lead to dilution, although capped call transactions aim to mitigate this.
LivePerson, Inc. (NASDAQ: LPSN) released its 2020 Consumer Preferences for Conversational Commerce report, revealing significant increases in consumer preferences for messaging with brands. 85% of consumers now prefer messaging over calling, an increase from 65% in 2019. Interest spans all age groups, with 82% of older consumers (65+) and 88% of those aged 35-44 expressing a desire for messaging options. The report highlights that brands adopting conversational AI can enhance customer service, marketing, and sales by improving consumer experiences.
FeedingNYC will deliver over 5,000 Thanksgiving dinners to families in shelters across New York City on November 24. This marks a 25% increase in meals from 2019 as demand rises due to the pandemic, with one in five children facing hunger. The initiative, started in 2001, has expanded significantly, now serving over 80,000 families overall. Main beneficiary is Win, supporting homeless families. Donations are encouraged, with $35 covering an entire dinner. The effort showcases community collaboration and commitment to supporting vulnerable populations during challenging times.
LivePerson (Nasdaq: LPSN) announced the hiring of Andrew Hamel as EVP of Operations and Emerging AI Businesses and Shani Higgins as SVP of Global Partnerships. Hamel will optimize daily operations and enhance customer journeys using AI, while Higgins will focus on developing strategic alliances. This leadership expansion aims to accelerate growth and adapt to the surge in consumer demand for digital engagement, spurred by COVID-19, which has increased conversation volume on their platform by nearly 50%.
LivePerson, Inc. (Nasdaq: LPSN), a leader in Conversational AI, announced its participation in upcoming investor conferences. The events include a fireside presentation at the Berenberg US Conference on November 12 at 9:00 AM ET, featuring CEO Rob LoCascio and CFO John Collins. Additionally, they will present at the Barclays Global Technology, Media and Telecommunications Conference on December 9, also at 9:00 AM ET, with CFO John Collins. Presentations will be accessible on the investor relations page of their website.
LivePerson (NASDAQ: LPSN) reported strong Q3 2020 results with total revenue of $94.8 million, a 26% increase year-over-year. Business operations revenue rose 27% to $86.9 million. The company secured 133 contracts, including 8 seven-figure deals, with significant growth in average revenue per customer, up nearly 30% to $425,000. Despite a net loss of $38.7 million, adjusted EBITDA was $15.1 million. LivePerson raised its full-year revenue guidance to $362.5-$364.5 million, projecting a 24%-25% growth rate.
