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Dec 31, 2024

LiveRamp Q3 2025 Earnings Report

Expected Revenue:$185M
+7.4% YoY
Expected EPS:$0.45
+9.8% YoY

Key Takeaways

LiveRamp reported a strong third quarter with revenue up 12% year-over-year, marking the fourth consecutive quarter of double-digit revenue growth. The company's operating income also exceeded expectations, driven by the Data Collaboration Platform and clean room solution.

Total revenue increased by 12% year-over-year to $195 million.

GAAP operating income was $15 million, consistent with the prior year, while non-GAAP operating income rose by 24% to $45 million.

GAAP and Non-GAAP diluted earnings per share were $0.17 and $0.55, respectively.

Net cash from operating activities increased to $45 million, up from $17 million.

Total Revenue
$195M
Previous year: $174M
+12.4%
Subscription Net Retention
108%
Previous year: 101%
+6.9%
Platform Net Retention
111%
Previous year: 105%
+5.7%
Gross Profit
$140M
Previous year: $129M
+8.9%
Cash and Equivalents
$377M
Previous year: $499M
-24.5%
Free Cash Flow
$44.8M
Previous year: $14.3M
+212.5%
Total Assets
$1.25B
Previous year: $1.22B
+2.3%

LiveRamp

LiveRamp

LiveRamp Revenue by Segment

Forward Guidance

For the fourth quarter of fiscal 2025, LiveRamp expects revenue between $184 million and $186 million, a GAAP operating loss of $8 million, and non-GAAP operating income of $22 million. For the full fiscal year 2025, LiveRamp anticipates revenue between $741 million and $743 million, GAAP operating income of $10 million, and non-GAAP operating income of $135 million.

Positive Outlook

  • Revenue of between $184 million and $186 million, an increase of between 7% and 8% for Q4 2025
  • Non-GAAP operating income of $22 million for Q4 2025
  • Revenue of between $741 million and $743 million, an increase of between 12% and 13% for fiscal year 2025
  • GAAP operating income of $10 million for fiscal year 2025
  • Non-GAAP operating income of $135 million for fiscal year 2025

Challenges Ahead

  • GAAP operating loss of $8 million for Q4 2025