Core Insights - LiveRamp reported a 9% year-over-year increase in total revenue for the quarter ended December 31, 2025, reaching $212 million [7][6] - The company achieved record quarterly operating margin and operating cash flow, with operating income rising to $40 million from $15 million in the prior year [5][7] - Share repurchases totaled $119 million fiscal year-to-date, with 1.4 million shares repurchased in the third quarter [7][6] Financial Performance - Subscription revenue was $158 million, up 9% year-over-year, while Marketplace & Other revenue increased by 8% to $54 million [7][6] - GAAP gross profit was $153 million, reflecting a 9% increase, with a gross margin of 72% [7][6] - Non-GAAP operating income rose by 36% to $62 million, with a non-GAAP operating margin of 29% [7][6] Earnings and Cash Flow - Net earnings for the quarter were $40 million, compared to $11 million in the prior year, resulting in diluted earnings per share of $0.62 [7][6] - Operating cash flow increased to $67 million from $45 million year-over-year [7][6] - Free cash flow for the quarter was also reported at $67 million, up from $45 million [8] Business Developments - The company launched new AI tools in its Data Marketplace and expanded partnerships, notably with Publicis [5][12] - LiveRamp ended the quarter with 140 customers generating over $1 million in annualized subscription revenue, an increase from 125 in the previous year [12][7] - Annualized recurring revenue (ARR) reached $527 million, up 7% compared to the prior year [12][7]