LiveRamp Holdings, Inc. - RAMP STOCK NEWS

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 has joined the expanded Marketing Cloud Customer Data Platform ecosystem on Salesforce AppExchange, enhancing customer understanding and driving personalization at scale. The integration of LiveRamp's RampID technology supports audience enrichment and targeting while ensuring compliance with global data privacy regulations. This partnership aims to provide brands with a single source of truth to enhance customer engagement and accelerate business growth.

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.

LiveRamp (NYSE: RAMP) is set to release its fiscal year 2022 fourth quarter and full year earnings on May 24, 2022, post-market close. A conference call is scheduled for 1:30 p.m. PT that same day to discuss the earnings results. Interested parties can register using the provided link, which will grant access details for the call. LiveRamp, recognized as a leading data enablement platform, focuses on secure data usage to enhance customer experiences and drive business outcomes.

Olo Inc (NYSE: OLO) has appointed Diego Panama as Chief Revenue Officer, effective July 5, 2022, succeeding Marty Hahnfeld, who will retire on June 30, 2022. Panama brings extensive experience from LiveRamp, where he grew revenues from under $50 million to over $500 million. His appointment is expected to enhance Olo's sales and marketing initiatives and strengthen relationships with restaurant partners. Hahnfeld has been pivotal in growing Olo's customer base to over 600 restaurants since 2013 and will continue as an advisor until the end of 2022.

LiveRamp (NYSE: RAMP) has promoted Vihan Sharma to Executive Vice President of Global Revenue, effective May 2, 2022. This newly created role aims to unify the global sales force and leverage the momentum of the Safe Haven platform to drive growth. Sharma boasts over two decades of experience and has played a pivotal role in LiveRamp's expansion, including partnerships like that with Carrefour. The company also reaffirmed its guidance for fiscal Q4 and full-year results, targeting approximately $139 million in Q4 revenue and $526 million for the full year, despite a GAAP operating loss of $31 million for Q4.