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Sep 30, 2022
LiveRamp Q2 2023 Earnings Report
Announced second quarter results with total revenue up 16% and subscription revenue up 14%.
Key Takeaways
LiveRamp reported healthy second quarter results with 16% revenue growth and strong free cash flow, despite challenging macroeconomic conditions. The company is raising its FY23 non-GAAP operating income guidance to approximately $60 million, representing growth of more than 40% year-on-year.
Total revenue was $147 million, up 16%.
Subscription revenue was $120 million, up 14%, and accounted for 81% of total revenue.
Marketplace & Other revenue was $27 million, up 25%.
GAAP loss per share was $0.45, and non-GAAP earnings per share were $0.22.
LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMarketplace & Other Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal 2023, LiveRamp expects to report revenue of approximately $158 million, an increase of 12% year-over-year. For fiscal 2023, LiveRamp raises its guidance and now expects to report revenue of between $595 million and $600 million, an increase of 13% year-over-year and non-GAAP operating income of approximately $60 million.
Positive Outlook
- Revenue of approximately $158 million, an increase of 12% year-over-year
- Non-GAAP operating income of approximately $22 million
- Revenue of between $595 million and $600 million, an increase of 13% year-over-year
- Non-GAAP operating income of approximately $60 million
- Increased FY23 non-GAAP operating income guidance to approximately $60 million, representing growth of more than 40% year-on-year.
Challenges Ahead
- GAAP operating loss of approximately $27 million for Q3 2023
- GAAP operating loss of approximately $102 million for fiscal year 2023
- Uncertainties related to the ongoing COVID-19 pandemic
- Rising interest rates, cost increases and general inflationary pressure and the associated impacts on our suppliers, customers and partners
- The Company’s dependence upon customer renewals; new customer additions and upsell within our subscription business
Revenue & Expenses
Visualization of income flow from segment revenue to net income