LiveRamp Extends and Adds $200 million to its Share Repurchase Authorization

Core Viewpoint - LiveRamp has increased its share repurchase authorization by $200 million to a total of $1.5 billion and extended the expiration date to December 31, 2027, indicating confidence in its long-term growth and current undervaluation in the market [1][2]. Group 1: Share Repurchase Program - The company has approximately $337 million available for share repurchases through the end of calendar 2027 following the expansion of its repurchase program [1]. - The timing and amounts of share repurchases will depend on market conditions, price, and capital availability, with the company retaining the right to modify or terminate the program at any time [2]. Group 2: Company Outlook - CFO Lauren Dillard expressed confidence in LiveRamp's long-term growth outlook, stating that the current share price does not reflect the company's value or its role in an AI-driven ecosystem [2]. - The company believes that AI's demand for data will benefit LiveRamp, which operates the largest and most interoperable data network in its sector [2]. Group 3: Company Profile - LiveRamp is a leading data collaboration technology company that enables marketers and media owners to enhance marketing performance through its data collaboration network [3]. - The company focuses on maximizing the value of data while fostering innovation, serving many prominent brands across various industries [4].