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Sep 30, 2020
LiveRamp Q2 2021 Earnings Report
Reported second quarter results with subscription revenue up 19% and positive operating and free cash flow.
Key Takeaways
LiveRamp announced strong second-quarter results, with total revenue up 16% year-over-year and subscription revenue increasing by 19%. The company's gross margin expanded, and it achieved non-GAAP operating profitability. LiveRamp is also experiencing significant momentum with its Authenticated Traffic Solution (ATS).
Total revenue was $105 million, up 16% compared to the prior year period.
Subscription revenue was $86 million, up 19% compared to the prior year period and contributed 82% of total revenue.
GAAP gross profit was $70 million, up 43% compared to the prior year period.
GAAP operating loss was $27 million compared to a GAAP operating loss of $50 million in the prior year period.
Revenue by Segment
Forward Guidance
LiveRamp is providing third quarter guidance only due to macro economic uncertainties. For the third quarter of fiscal 2021, LiveRamp expects to report revenue of approximately $113 million, an increase of approximately 11% year-over-year, GAAP operating loss of up to $25 million, and Non-GAAP operating income of up to $4 million.
Positive Outlook
- Revenue of approximately $113 million, an increase of approximately 11% year-over-year
- Non-GAAP operating income of up to $4 million
Challenges Ahead
- macro economic uncertainties
- GAAP operating loss of up to $25 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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