LiveRamp Holdings, Inc. Q1 FY27 Results

Summary

LiveRamp announced strong first quarter fiscal year 2027 results, with total revenue increasing 10% year-over-year to $214 million. Both GAAP and non-GAAP operating income saw significant increases, with GAAP income from operations more than doubling and non-GAAP operating income rising 41%. The company also highlighted progress in its AI initiatives and partnerships, and confirmed that the Publicis Groupe transaction is expected to close by the end of calendar 2026. Management expressed satisfaction with the strong start to the fiscal year, with Q1 revenue and operating income exceeding internal projections.

Key Highlights

1. 1

   Total revenue for the first quarter of fiscal year 2027 was $214 million, representing a 10% increase year-over-year.

2. 2

   GAAP income from operations more than doubled year-over-year, reaching $20 million, with the GAAP operating margin expanding by 6 percentage points to 9%.

3. 3

   Non-GAAP operating income increased by 41% to $50 million, and the non-GAAP operating margin expanded by 5 percentage points to 24%.

4. 4

   Subscription revenue grew 8% year-over-year to $160 million, while Marketplace & Other revenue increased by 15% to $54 million.

5. 5

   GAAP gross profit was $151 million, up 11% year-over-year, with a stable GAAP gross margin of 71%.

6. 6

   The previously announced transaction with Publicis Groupe remains on track to close before the end of calendar 2026.

7. 7

   LiveRamp ended the quarter with 132 customers whose annualized subscription revenue exceeds $1 million, up from 127 in the prior year period.