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Sep 30, 2021
LiveRamp Q2 2022 Earnings Report
Reported strong second quarter results and raised full year outlook.
Key Takeaways
LiveRamp announced strong Q2 results with total revenue up 22% and subscription revenue up 23%. The company's GAAP gross margin was 72% and non-GAAP gross margin was 77%. They also achieved a record operating performance with eighty $1 million customers, marking the largest sequential increase.
Total revenue was $127 million, up 22% compared to the prior year period.
Subscription revenue was $105 million, up 23% compared to the prior year period and contributed 83% of total revenue.
GAAP gross profit was $92 million, up 32% compared to the prior year period.
GAAP loss per share were $0.09, and non-GAAP earnings per share were $0.26.
LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.com Forward Guidance
LiveRamp has increased its outlook and now expects to report revenue of approximately $525 million, an increase of 19% year-over-year. GAAP operating loss of approximately $70 million and non-GAAP operating income of approximately $40 million.
Positive Outlook
- Revenue of approximately $139 million, an increase of 16% year-over-year (for Q3 Fiscal 2022)
- Non-GAAP operating income of approximately $10 million (for Q3 Fiscal 2022)
- Revenue of approximately $525 million, an increase of 19% year-over-year (for fiscal 2022)
- Non-GAAP operating income of approximately $40 million (for fiscal 2022)
Challenges Ahead
- GAAP operating loss of approximately $20 million (for Q3 Fiscal 2022)
- GAAP operating loss of approximately $70 million (for fiscal 2022)