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Dec 31, 2022
LiveRamp Q3 2023 Earnings Report
Announced third quarter results with total revenue up 13% year over year and subscription revenue up 14%.
Key Takeaways
LiveRamp reported solid third quarter results with top-line growth and strong free cash flow. Total revenue was $159 million, up 13% year-over-year, with subscription revenue accounting for 80% of the total. GAAP operating loss was $24 million, while non-GAAP operating income was $26 million. The company repurchased approximately 2.3 million shares for $50 million during the quarter.
Total revenue was $159 million, up 13% year-over-year.
Subscription revenue was $126 million, up 14% and accounted for 80% of total revenue.
GAAP operating loss was $24 million compared to $14 million, while non-GAAP operating income was $26 million compared to $15 million.
The company repurchased approximately 2.3 million shares for $50 million under its share repurchase program.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2023, LiveRamp expects to report revenue of between $147 million and $152 million, GAAP operating loss of between $26 million and $23 million and Non-GAAP operating income of between $13 million and $16 million. For fiscal 2023, LiveRamp updates its guidance and expects to report revenue of between $595 million and $600 million, GAAP operating loss of between $105 million and $102 million and Non-GAAP operating income of between $60 million and $63 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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