NYSE$RAMP

LiveRamp Holding · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first quarter results and raised full year outlook.

LiveRamp announced strong Q1 results with total revenue up 20% year-over-year. The company added 30 net new customers and experienced growth in connected television revenue and Safe Haven adoption. LiveRamp raised its full year outlook and now expects revenue to increase by approximately 18%.

  • Total revenue was $119 million, up 20% compared to the prior year period.
  • Subscription revenue was $97 million, up 16% compared to the prior year period and contributed 81% of total revenue.
  • GAAP gross profit was $85 million, up 30% compared to the prior year period, with a GAAP gross margin of 71%.
  • Global Authenticated Traffic Solution (ATS) Adopted by Over 450 Publishers

Headline financials

Total Revenue

$119M

Previous: $99.4M+19.7%
EPS (adj)

$0.09

Previous: $0.01+800.0%
Subscription net retention

103.0%

Previous: 109.0%-5.5%
Platform net retention

108.0%

Previous: 111.0%-2.7%
Capital Expenditures

-$427K

Previous: -$832K+48.7%
Free Cash Flow

$16.9M

Previous: -$22.6M+175.1%
Net Income

$17.4M

Previous: -$21.7M+179.9%
Operating Income

-$17.6M

Previous: -$26M+32.3%
Gross Profit

$84.7M

Previous: $65M+30.4%
Cash & Equivalents

$541M

Previous: $650M-16.8%
Total Assets

$1.25B

Previous: $1.23B+1.3%
Stock-Based Comp

$18.5M

Previous: $16.5M+12.2%

Revenue & EPS history

LiveRamp · Revenue · Quarterly

$119M

Q1 2022+19.7%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

LiveRamp · $120M total across 2 segments · Q1 2022

  • Subscription
    $97M+16.9%
  • Marketplace and Other
    $23M+35.3%

Forward guidance

LiveRamp provided revenue and operating income guidance for the second quarter of fiscal year 2022 and increased its outlook for the full fiscal year 2022.

Tailwinds

  • Revenue of approximately $124 million for Q2 2022, an increase of approximately 18% year-over-year
  • Non-GAAP operating income of approximately $4 million for Q2 2022
  • Revenue of approximately $522 million for fiscal year 2022, an increase of approximately 18% year-over-year
  • Non-GAAP operating income of approximately $15 million for fiscal year 2022

Headwinds

  • GAAP operating loss of approximately $22 million for Q2 2022
  • GAAP operating loss of approximately $96 million for fiscal year 2022

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.2%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+2.9%

Avg return

30 days after

61%

41 / 67 earnings

Positive

+23.9%

Q4 2020

Best reaction

-22.4%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.0%+28.2%+27.4%
Q3 2026+3.5%+3.6%+31.1%
Q2 2026+6.8%+12.6%+7.4%
Q4 2025+19.5%+14.4%+8.6%
Q3 2025+2.7%-0.5%-22.4%
Q2 2025+13.0%+14.4%+25.9%
Q1 2025-18.7%-17.2%-7.2%
Q4 2024+4.8%-2.2%-7.7%
Q3 2024-5.2%-10.0%-14.8%
Q2 2024+21.9%+10.3%+16.1%
Q1 2024+12.1%+7.8%+6.0%
Q4 2023-11.2%-6.2%+1.6%
Q3 2023-9.3%-9.3%-19.9%
Q2 2023+14.8%+36.0%+39.4%
Q1 2023-15.2%-20.9%-31.5%
Q4 2022+1.8%+5.4%+14.6%
Q3 2022-6.5%-4.3%-21.5%
Q2 2022+4.1%+0.7%-17.3%
Q1 2022+22.8%+22.2%+32.3%
Q4 2021+2.0%+5.8%+0.5%
Q3 2021-10.7%-13.5%-33.9%
Q2 2021-21.8%-20.9%-11.0%
Q1 2021+2.3%-4.6%-2.3%
Q4 2020+23.9%+21.2%+14.8%
Q3 2020+8.8%-1.9%-15.4%
Q2 2020+9.1%+8.3%+17.8%
Q1 2020-11.1%-6.6%-19.7%
Q4 2019-5.7%-5.6%-12.8%
Q3 2019+11.3%+20.0%+36.2%
Q2 2019-1.0%+4.9%+3.4%
Q1 2019+3.2%+2.9%+5.7%
Q4 2018+0.4%+4.6%+9.6%
Q3 2018+5.0%+6.2%+21.1%
Q2 2018+8.7%+5.7%+9.7%
Q1 2018-6.6%-12.0%-12.4%
Q4 2017-7.8%-9.1%-6.1%
Q3 2017+11.2%+9.6%+9.7%
Q2 2017+13.1%+18.7%+16.6%
Q1 2017+9.2%+9.0%+14.8%
Q4 2016-13.8%
Q3 2016+8.3%
Q2 2016+0.9%
Q1 2016+11.0%
Q4 2015-2.8%
Q3 2015-4.4%
Q2 2015-5.3%
Q1 2015-2.3%
Q4 2014-22.4%
Q3 2014+10.9%
Q2 2014-6.5%
Q1 2014+1.1%
Q4 2013+1.6%
Q3 2013-6.5%
Q2 2013-2.5%
Q1 2013+0.1%
Q4 2012+6.1%
Q3 2012+1.0%
Q2 2012-5.0%
Q1 2012+2.3%
Q4 2009+2.2%
Q3 2011+0.5%
Q3 2010+0.5%
Q2 2010-0.7%
Q2 2011-0.7%
Q4 2010+0.7%
Q1 2011+0.7%
Q1 2010+0.7%

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