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LiveRamp Holdings, Inc. (NYSE: RAMP) is a prominent technology company recognized for its leading data connectivity platform. Leveraging core identity resolution capabilities and an extensive network, LiveRamp empowers businesses and their partners to connect, control, and activate data effectively. This transformation of customer experiences helps generate significant business outcomes. LiveRamp's infrastructure, which is fully interoperable and neutral, grants end-to-end addressability to top global brands, agencies, and publishers.
LiveRamp's suite of products and services revolves around the principles of consumer privacy, data ethics, and foundational identity. Their platform offers a connected customer view with both clarity and context, ensuring the protection of brand and consumer trust. Key offerings include identity resolution, data activation, and privacy-centric identifiers such as RampID.
Recent achievements highlight LiveRamp's strategic partnerships and innovations. Notably, their collaboration with Cross Screen Media enhances targeting and measurement capabilities, preparing for a cookieless future by integrating RampID for audience-based activation and measurement across various channels. Similarly, a partnership with MobileFuse leverages the Authenticated Traffic Solution, boosting privacy-centric monetization by 303% and increasing fill rates by 317%.
Financially, LiveRamp has demonstrated robust performance, with detailed quarterly and annual results reflecting both GAAP and non-GAAP measures. These results offer insights into operational performance, adjusting for non-cash stock compensation, restructuring charges, and other relevant expenses. The company continues to pursue strategic initiatives to align its costs and operating plans with current economic conditions.
LiveRamp is committed to innovation and excellence in data connectivity, privacy, and ethics, positioning itself as a vital player in the global data ecosystem. For more detailed information, visit www.liveramp.com.
LiveRamp announced an increase in its share repurchase authorization by $100 million, bringing the total to $1.1 billion, extended to December 31, 2024. The company has repurchased $150 million of stock in the fiscal year-to-date, with $50 million in Q3 2023, leaving approximately $215 million available for future buybacks. Since launching its program, LiveRamp has returned around $1.4 billion to shareholders, demonstrating its commitment to enhancing shareholder value.
LiveRamp reported Q2 fiscal 2023 revenue of $147 million, up 16%, with subscription revenue at $120 million, rising 14%. The GAAP operating loss was $29 million compared to $6 million last year. Non-GAAP operating income improved to $17 million. Share repurchases totaled $100 million this fiscal year. The company raised its fiscal 2023 revenue guidance to between $595 million and $600 million, reflecting a 13% increase year-over-year. The non-GAAP operating income guidance is now $60 million.
LiveRamp (NYSE: RAMP) has announced an expanded partnership with Meta, integrating their Authenticated Traffic Solution with the Conversions API. This enables marketers to utilize first-party data securely, optimizing campaigns and improving returns. Key benefits include enhanced audience targeting, accurate measurement of marketing effectiveness, and performance optimization. Marketers leveraging this integration reportedly see an average 13% improvement in cost per action. LiveRamp's ATS is operational in 21 countries with extensive partnerships.
LiveRamp (NYSE: RAMP) announced that its fiscal 2023 second quarter earnings release is scheduled for November 8, 2022, post-market close. A conference call will follow on the same day at 1:30 p.m. PT to discuss the financial results. Registration is required for the call, and a live webcast will be available for all interested parties through the Investor Relations website. LiveRamp is recognized as the leading global data enablement platform, optimizing data use for top brands and agencies.
LiveRamp (NYSE: RAMP) has promoted Travis Clinger to Senior Vice President of Activations and Addressability. Clinger, who has been with LiveRamp for six years, will continue leading the Addressability team and expand responsibilities to include Activations partnerships, enhancing LiveRamp's market position in light of the growing cookieless environment. Under his leadership, the Authenticated Traffic Solution (ATS) is set to reach 100 countries by the end of 2023, aiming to double addressable scale within a year.
LiveRamp (NYSE: RAMP) reported total revenue of $142 million for Q1 FY2023, marking a 19% increase year-over-year. Subscription revenue rose 20% to $116 million, representing 81% of total revenue. GAAP gross margin remained stable at 71%, while non-GAAP gross margin decreased by 1 percentage point to 75%. The company recorded a GAAP operating loss of $26 million and a non-GAAP operating income of $4 million. LiveRamp repurchased $80 million worth of shares year-to-date. FY2023 revenue guidance is set between $590 million and $600 million, projecting 12% to 13% growth.
LiveRamp (NYSE: RAMP) will release its first quarter 2023 earnings on August 4, 2022, after market close. A conference call is set for 1:30 p.m. PT on the same day to discuss the results. Interested parties can register for the call and access a live webcast via the Investor Relations website. LiveRamp is recognized as a leading global data enablement platform, allowing businesses to better leverage data for improved customer experiences and outcomes. For updates, investors can subscribe to receive financial news via email.
LiveRamp (NYSE: RAMP) has announced the rollout of its Authenticated Traffic Solution (ATS) to iQIYI’s streaming services in Taiwan, Singapore, Japan, and Australia. This integration will empower marketers to utilize iQIYI’s addressable inventory for targeted advertising without relying on third-party identifiers. ATS aims to enhance transparency and trust in data handling, allowing for personalized user experiences while complying with privacy regulations. Over 400 leading advertisers can use ATS for more effective campaigns, improving metrics like return-on-ad-spend (ROAS) and engagement.
LiveRamp reported a strong Q4 with total revenue of $142 million, up 19% year-over-year, and subscription revenue of $116 million, increasing 22%. The GAAP gross margin was 72%, while the non-GAAP gross margin reached 76%. For the fiscal year, total revenue was $529 million, also up 19%, with operating cash flow of $78 million. LiveRamp plans to repurchase $150 million in stock by Q3 FY2023, underscoring confidence in its cash flow. The company anticipates Q1 FY2023 revenue of approximately $139 million and FY2023 revenue between $608 million and $625 million.
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