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Jun 30, 2023
LiveRamp Q1 2024 Earnings Report
LiveRamp announced first quarter results with revenue up 8% year over year and GAAP operating margin of 1%.
Key Takeaways
LiveRamp's Q1 2024 results showed strong performance with revenue and operating income exceeding expectations. Total revenue reached $154 million, an 8% increase year-over-year, and the company achieved positive GAAP operating income for the first time in a quarter.
Total revenue was $154 million, up 8% year over year.
Subscription revenue was $122 million, up 5%, accounting for 79% of total revenue.
GAAP operating income was $2 million, a significant improvement from the previous year's loss of $26 million.
Non-GAAP diluted earnings per share was $0.29.
Revenue by Segment
Forward Guidance
LiveRamp provided revenue and operating income guidance for the second quarter of fiscal 2024 and updated its full fiscal year 2024 guidance.
Positive Outlook
- Second quarter revenue is expected to be $152 million, an increase of 3%.
- Second quarter GAAP operating income is expected to be $1 million.
- Second quarter non-GAAP operating income is expected to be $19 million.
- Full fiscal year 2024 revenue is expected to be between $620 million and $630 million, an increase of between 4% and 6%.
- Full fiscal year 2024 GAAP operating income is expected to be between $2 million and $5 million.
Challenges Ahead
- Full fiscal year 2024 non-GAAP operating income is expected to be between $90 million and $93 million.
- Rising interest rates
- Cost increases
- Possibility of a recession
Historical Earnings Impact
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Avg. Return Before/After Earnings
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