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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.
LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.com 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
- General inflationary pressure