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Jun 30, 2021
LiveRamp Q1 2022 Earnings Report
Reported strong first quarter results and raised full year outlook.
Key Takeaways
LiveRamp announced strong Q1 results with total revenue up 20% year-over-year. The company added 30 net new customers and experienced growth in connected television revenue and Safe Haven adoption. LiveRamp raised its full year outlook and now expects revenue to increase by approximately 18%.
Total revenue was $119 million, up 20% compared to the prior year period.
Subscription revenue was $97 million, up 16% compared to the prior year period and contributed 81% of total revenue.
GAAP gross profit was $85 million, up 30% compared to the prior year period, with a GAAP gross margin of 71%.
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LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMarketplace & Other Revenue
CapyFin.com Forward Guidance
LiveRamp provided revenue and operating income guidance for the second quarter of fiscal year 2022 and increased its outlook for the full fiscal year 2022.
Positive Outlook
- Revenue of approximately $124 million for Q2 2022, an increase of approximately 18% year-over-year
- Non-GAAP operating income of approximately $4 million for Q2 2022
- Revenue of approximately $522 million for fiscal year 2022, an increase of approximately 18% year-over-year
- Non-GAAP operating income of approximately $15 million for fiscal year 2022
Challenges Ahead
- GAAP operating loss of approximately $22 million for Q2 2022
- GAAP operating loss of approximately $96 million for fiscal year 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income