LiveRamp Announces Fourth Quarter and Fiscal Year Results

Core Insights - LiveRamp reported a 16% year-over-year increase in total revenue for Q4, reaching $172 million, with subscription revenue growing by 11% to $134 million [1][8] - The company achieved a fiscal year 2024 operating margin of 2% and a non-GAAP operating margin of 16%, with operating cash flow increasing to $106 million from $34 million a year ago [1][8] - CEO Scott Howe highlighted a positive trend in key performance indicators, including annual recurring revenue and customer additions, as the company prepares for fiscal year 2025 [6] Q4 Financial Highlights - Total revenue for Q4 was $172 million, up 16% year-over-year, with subscription revenue at $134 million (up 11%) and marketplace & other revenue at $38 million (up 38%) [7][8] - GAAP gross profit was $124 million, reflecting an 18% increase, with a gross margin of 72%, which expanded by 1 percentage point [8] - GAAP operating loss narrowed to $14 million from $47 million, with a GAAP operating margin of negative 8%, improving by 23 points [8] Fiscal Year Financial Highlights - For the full fiscal year 2024, total revenue reached $660 million, an 11% increase, with subscription revenue at $514 million (up 6%) [8] - GAAP operating income was $11 million compared to a loss of $126 million in the previous year, with a GAAP operating margin of 2% [8] - Non-GAAP operating income for the fiscal year was $105 million, up from $61 million, with a non-GAAP operating margin of 16% [8] Business Metrics and Customer Growth - LiveRamp ended Q4 with 115 customers generating over $1 million in annualized subscription revenue, up from 95 in the prior year [16] - The company reported a fourth quarter annual recurring revenue (ARR) of $467 million, a 10% increase year-over-year [16] - Current remaining performance obligations (CRPO) were $414 million, up 23% compared to the prior year [16] Cash Flow and Share Repurchase - Net cash provided by operating activities for Q4 was $28 million, compared to $31 million in the previous year [8] - Share repurchases in Q4 totaled approximately 405,000 shares for $15 million, with a total of 2.1 million shares repurchased for $61 million during fiscal 2024 [8]