MergerAug 7, 2026, 04:40 PM
LivePerson to be Acquired by SoundHound AI; Q2 Net Loss $(72.56)M
AI Summary
LivePerson announced an amended and restated merger agreement to be acquired by SoundHound AI, Inc. The deal involves LivePerson shareholders receiving SoundHound common stock, while TASE shareholders will receive cash. Concurrently, a Notes Restructuring Agreement was made with holders of Secured Notes. For Q2 2026, LivePerson reported a net loss of $(72.56) million, significantly wider than the $(15.71) million loss in Q2 2025, primarily due to a $51.83 million goodwill impairment. Revenue for the quarter decreased to $52.50 million from $59.60 million year-over-year.
Key Highlights
- Amended merger agreement with SoundHound AI, Inc. announced.
- Q2 2026 net loss widened to $(72.56) million from $(15.71) million YoY.
- Q2 2026 revenue decreased to $52.50 million from $59.60 million YoY.
- Goodwill impairment charge of $51.83 million recorded in Q2 2026.
- Diluted net loss per share was $(6.11) in Q2 2026 vs. $(2.50) in Q2 2025.
- Total assets declined to $384.29 million from $454.67 million since Dec 2025.
- Stockholders' deficit worsened to $(121.96) million from $(44.50) million.
- Net cash provided by operating activities was $10.79 million for H1 2026.
Price Impact
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