📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

LiveRamp Holdings, Inc., a technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally. The company operates LiveRamp Data Collaboration platform that enables an organization to unify customers and prospect data to build a single view of the customer in a way that protects consumer privacy. The company’s platform supports various people-based marketing solutions, including data collaboration, activation, measurement and analytics, identity, and data marketplace. It sells its solutions to enterprise marketers, agencies, marketing technology providers, publishers, and data providers in various industry verticals, such as financial, insurance and investment services, retail, automotive, telecommunications, technology, consumer packaged goods, media, healthcare, travel and hospitality, entertainment, and non-profit. The company was formerly known as Acxiom Holdings, Inc. and changed its name to LiveRamp Holdings, Inc. in October 2018. LiveRamp Holdings, Inc. was incorporated in 2018 and is headquartered in San Francisco, California.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding RAMP

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	523.7K	$13.9M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ↑ Improving 4 quarters analysed

Q4 2025

Mixed

Management expresses confidence in strong Q4 and FY25 performance ('strong financial performance', 'beat on top and bottom line', 'record free cash flow') but repeatedly injects caution about macro uncertainty ('note of caution', 'lengthening of average deal cycle', 'customer hesitancy tied to macro uncertainty'). The guidance range is described as having 'a heavy dose of conservatism'.

Q1 2026

Confident Specific

Management repeatedly used phrases like 'strong start to the year,' 'exceeding expectations,' 'record first-quarter margins,' and '34% operating income growth,' indicating clear confidence in performance and outlook.

Q2 2026

Confident Specific

Management used specific language like 'solid results exceeding both top and bottom line expectations', 'best organic net new ARR in seven quarters', and 'confident in our ability to reach Rule of 40 by FY 2028'. The tone was forward-looking with concrete metrics and milestones.

Q3 2026 latest

Confident Specific

Management uses concrete milestones (11th consecutive beat, record margins, record free cash flow, 140 million-dollar customers, 21 AI partners) and repeatedly asserts the business is 'durable, predictable, scalable' with a clear FY2028 Rule of 40 target, citing specific margin and growth percentages.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Management delivered record operating margins, free cash flow, and strong ARR growth while laying out a concrete path back to double-digit revenue growth via AI tailwinds and usage-based pricing. The shift away from fixed commitments should improve land/expand dynamics and churn. Key watch items: (1) whether ARR acceleration to 10%+ holds into FY2027, (2) adoption velocity of the new pricing model with resellers, and (3) whether AI partnerships translate into measurable revenue within the next 2-3 quarters. The reaffirmed Rule of 40 by FY2028 provides a clear long-term target, though execution risk remains if growth stalls.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific ↑ Improving 4 quarters Full tone analysis in Intelligence →

📊 MIXED LiveRamp delivers 9% revenue growth, record margins, and ARR above $11M in Q3 FY2026

Revenue & Profitability

Q3 FY2026 revenue was $212 million (9% growth). Subscription revenue was $158 million (9% growth, with fixed up 8% and usage up 13%). Non-GAAP operating income was $62 million (up 36%), and GAAP operating income was $40 million (double year-over-year). Record free cash flow of $67 million. ARR grew $11 million quarter-over-quarter (7% year-over-year). Total RPO increased 23% to $710 million.

Outlook

Management views AI as a tailwind, not a headwind, because AI-powered marketing increases the velocity, frequency, and value of data moving across the network. The company is on track for Rule of 31 in FY2026 (9% revenue growth, 22% operating margin) and targets Rule of 40 by FY2028 (10-15% growth, 25-30% margin). Demand remains healthy with stable conversion rates and deal cycles.

Growth Drivers

Key growth levers include the expansion of usage-based pricing with brand direct customers and resellers (e.g., Publicis, Uber advertising), the rise of commerce media in travel, food delivery, and finance verticals, and continued momentum in CTV and Clean Room Insights. The Data Marketplace is being expanded to include AI models, agents, and applications, and over 20 AI partnerships have been signed.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Q3 non-GAAP operating margin was a record 29% (up 6 points year-over-year), and GAAP operating margin was 19% (up 11 points). FY2026 operating margin is expected to be 22%, expanding 4 points year-over-year. Operating expenses were down 6% due to timing and cost discipline. Offshoring initiatives are driving efficiency. Free cash flow conversion is above the 75% target.

Key Risks

Management did not explicitly flag risks. Analysts raised concerns about potential AI disruption to the software subscription model, but management dismissed these, citing AI as a tailwind. Churn is a bright spot, and customer retention is strong. Timing of contract renewals can affect RPO metrics, but total RPO grew 23%.

Generated by AI · Q3 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q3 2026 Q3 2026 2026-02-05

Q3 results exceeded expectations with 9% revenue growth, record margins, and strong free cash flow. AI is a major growth driver, with expanded partnerships and a shift to usage-based pricing supporting future growth. The outlook remains positive, with a focus on achieving Rule of 40 by FY 2028.

Q2 2026 Q2 2026 2025-11-05

Q2 results exceeded expectations with 8% revenue growth, record ARR gains, and strong operating income. Strategic investments in AI, CTV, and a new pricing model are driving momentum, while guidance for FY 2026 was raised and the Rule of 40 target reaffirmed.

Q1 2026 Q1 2026 2025-08-06

Q1 delivered double-digit revenue growth, record margins, and 34% higher non-GAAP operating income, prompting an increase in FY 2026 revenue and free cash flow guidance. Strong sales momentum in Cross-Media Intelligence, Commerce Media, and CTV, plus a new pricing model pilot, support a positive outlook.

Q4 2025 Q4 2025 2025-05-21

Delivered double-digit revenue growth and record free cash flow, with strong performance in large customer renewals and expanding operating margins. FY26 guidance reflects macro uncertainty but anticipates continued growth, driven by new measurement solutions and platform modernization.

Q3 2025 Q3 2025 2025-02-05

Q3 delivered double-digit revenue growth, record operating margin, and strong sales momentum, driven by robust demand for data collaboration and product enhancements. FY 2025 guidance was raised, with continued progress toward higher margins and network expansion.

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