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Dec 31, 2021
LiveRamp Q3 2022 Earnings Report
Reported strong third quarter results and raised full year outlook.
Key Takeaways
LiveRamp's Q3 2022 earnings showcased a 17% increase in total revenue, reaching $141 million, and a 19% rise in subscription revenue. The company's GAAP gross margin expanded to 73%, with non-GAAP gross margin at 77%. Operating cash flow was $25 million, and the company now has 86 customers with over $1 million in annual revenue.
Total revenue was $141 million, up 17% compared to the prior year period.
Subscription revenue was $111 million, up 19% compared to the prior year period and contributed 79% of total revenue.
GAAP gross margin of 73% expanded 4 percentage points, and Non-GAAP gross margin of 77% expanded 3 percentage points.
Net cash provided by operating activities was $25 million compared to $15 million in the prior year period.
LiveRamp
LiveRamp
LiveRamp Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMarketplace & Other Revenue
CapyFin.com Forward Guidance
LiveRamp has increased its outlook and now expects to report revenue of approximately $526 million, an increase of 19% year-over-year. GAAP operating loss of approximately $69 million and Non-GAAP operating income of approximately $41 million.
Positive Outlook
- Revenue of approximately $139 million, an increase of 17% year-over-year for Q4 Fiscal Year 2022
- Expects to be operating cash flow positive for fiscal 2022
- Non-GAAP operating income of approximately $2 million for Q4 Fiscal Year 2022
- Revenue of approximately $526 million, an increase of 19% year-over-year for fiscal year 2022
- Non-GAAP operating income of approximately $41 million for fiscal year 2022
Challenges Ahead
- GAAP operating loss of approximately $31 million for Q4 Fiscal Year 2022
- GAAP operating loss of approximately $69 million for fiscal year 2022
- Uncertainties related to COVID-19 and the associated impact on our suppliers, customers and partners
- The Company’s dependence upon customer renewals; new customer additions and upsell within our subscription business
- Our reliance upon partners, including data suppliers; competition; and attracting and retaining talent
Revenue & Expenses
Visualization of income flow from segment revenue to net income