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Dec 31, 2020
LiveRamp Q3 2021 Earnings Report
Total revenue increased by 17% and ATS was adopted by over 325 publishers worldwide
Key Takeaways
LiveRamp announced strong Q3 results with a 17% increase in total revenue. The company's Authenticated Traffic Solution (ATS) saw significant adoption, and they achieved a record operating performance, including their first double-digit non-GAAP operating margin.
Total revenue was $120 million, up 17% compared to the prior year period.
Subscription revenue was $93 million, up 15% compared to the prior year period and contributed 78% of total revenue.
GAAP gross margin of 69% expanded 6 percentage points. Non-GAAP gross margin of 73% expanded 4 percentage points.
GAAP loss per share was $0.18, and non-GAAP earnings per share was $0.14.
LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.com Forward Guidance
For the fourth quarter of fiscal 2021, LiveRamp expects revenue of approximately $116 million, a GAAP operating loss of approximately $31 million, and a non-GAAP operating income of up to $1 million. For fiscal 2021, LiveRamp expects revenue of approximately $440 million, a GAAP operating loss of approximately $101 million, and a non-GAAP operating income of up to $16 million.
Positive Outlook
- Revenue of approximately $116 million, an increase of approximately 10% year-over-year (Q4 2021)
- Non-GAAP operating income of up to $1 million (Q4 2021)
- Revenue of approximately $440 million, an increase of approximately 16% year-over-year (Fiscal 2021)
- Non-GAAP operating income of up to $16 million (Fiscal 2021)
Challenges Ahead
- GAAP operating loss of approximately $31 million (Q4 2021)
- GAAP operating loss of approximately $101 million (Fiscal 2021)