LiveRamp announces Solid Q3 Results, exceeding expectations
LiveRamp this week reported Q3 results and future outlook point to a strong position in the data collaboration market. Revenue: Up 10% YoY to $174 million, exceeding analyst estimates.
LiveRamp this week reported Q3 results and future outlook point to a strong position in the data collaboration market.
- Revenue: Up 10% YoY to $174 million, exceeding analyst estimates.
- Profitability: GAAP operating margin of 9%, non-GAAP operating margin of 21%.
- Cash Flow: Net operating cash flow of $17 million, free cash flow to equity of $14 million.
- Customer Growth: 105 customers with annual contracts exceeding $1 million, platform net retention of 105%.
- Strategic Acquisition: Completed Habu acquisition to accelerate data collaboration strategy.
- Market Leadership: Recognized as AWS Global Industry Partner of the Year and Google Cloud Platform Partner of the Year.
- Outlook: Raised FY24 revenue guidance to $646-$650 million, expects non-GAAP operating income of $102-$103 million.
LiveRamp's strong financial performance and strategic acquisitions position it well to capitalize on the growing demand for data collaboration solutions.
Marketers can leverage LiveRamp's platform to address challenges like third-party cookie deprecation and personalize advertising across fragmented environments.
Partnerships with AWS and Google Cloud Platform provide marketers with access to a wider range of data and insights.
Continued customer growth and high net retention rates demonstrate the value proposition of LiveRamp's solutions.
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