CORRECTION -- LiveRamp Announces Fourth Quarter and Fiscal Year 2025 Results

Core Insights - LiveRamp reported a strong financial performance for Q4 FY25, with total revenue of $189 million, representing a 10% year-over-year increase [7] - The company achieved a fiscal year 2025 total revenue of $746 million, up 13% from the previous year [7] - LiveRamp's operating cash flow for FY25 increased by 46% year-over-year, totaling $154 million [7] Q4 Financial Highlights - Subscription revenue for Q4 FY25 was $145 million, up 9% year-over-year, while Marketplace & Other revenue reached $44 million, up 14% [6][7] - GAAP gross profit for Q4 was $131 million, with a gross margin of 69%, down 3 percentage points from the previous year [6][7] - Non-GAAP operating income for Q4 was $23 million, with a non-GAAP operating margin of 12%, an increase of 3 percentage points year-over-year [6][7] Fiscal Year Financial Highlights - For FY25, subscription revenue totaled $569 million, representing 76% of total revenue and an 11% increase year-over-year [7] - GAAP operating income for FY25 was $5 million, while non-GAAP operating income was $136 million, reflecting a 30% increase from the previous year [6][7] - The company repurchased approximately 3.8 million shares for $101 million during FY25 [7] Business Strategy and Outlook - CEO Scott Howe emphasized the focus on enhancing the platform's usability and functionality, including the rollout of the new Cross Media Intelligence measurement solution [5] - LiveRamp aims to optimize ad spending for customers through its Data Collaboration Network while managing costs and growth investments prudently [5] - The company remains confident in its long-term growth potential despite near-term macroeconomic uncertainties [5] Additional Metrics - LiveRamp ended FY25 with 128 customers whose annualized subscription revenue exceeds $1 million, up from 115 in the prior year [16] - The fourth quarter subscription net retention rate was 104%, and platform net retention was 106% [16] - Current remaining performance obligations (CRPO) were $471 million, up 14% compared to the prior year [16]