LiveRamp Revenue Jumps in FY '24

Data management and collaboration platform LiveRamp has announced revenue of $660m for the financial year ending 31st March '24 - a rise of 11%. Adjusted (non-GAAP) operating income rose 72% to $105m.

The firm says subscription revenue was $514m, up 6%, representing 78% of total revenue; while Marketplace & Other revenue grew faster and gained share, up 28% to $146m. In the fourth fiscal quarter total revenue rose by an impressive 16% to $172m, and the firm says it ended March with 115 customers whose annualized subscription revenue exceeds $1 million, up from 95 a year earlier. For the year ending 31st March 2025 the company forecasts revenue of $710m - $730m, an increase of between 8% and 11%; and non-GAAP operating income of between $125m and $129m.

During the quarter LiveRamp agreed to acquire clean room software provider Habu, for cash and stock totalling around $200m, and unveiled the next generation of its ata Collaboration Platform; and three weeks ago it announced a partnership deal making Environics Analytics the sole provider of its products and services in Canada.

CEO Scott Howe (pictured) says of the figures: 'We ended fiscal 2024 on a high note, with fourth quarter revenue and operating income exceeding our expectations, and a positive inflection in several key performance indicators, including annual recurring revenue and $1 million plus customer additions. As we look ahead to FY25, our Data Collaboration Platform is the solution to help advertisers and publishers continue delivering addressable advertising in a world of cookie deprecation and rapidly evolving technology'.

LiveRamp is based in San Francisco and is online at www.liveramp.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.