NYSE$RAMP
LiveRamp Holding · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced second quarter results with total revenue up 16% and subscription revenue up 14%.
LiveRamp reported healthy second quarter results with 16% revenue growth and strong free cash flow, despite challenging macroeconomic conditions. The company is raising its FY23 non-GAAP operating income guidance to approximately $60 million, representing growth of more than 40% year-on-year.
- Total revenue was $147 million, up 16%.
- Subscription revenue was $120 million, up 14%, and accounted for 81% of total revenue.
- Marketplace & Other revenue was $27 million, up 25%.
- GAAP loss per share was $0.45, and non-GAAP earnings per share were $0.22.
Headline financials
Revenue & EPS history
LiveRamp · Revenue · Quarterly
$147M
Revenue by segment
LiveRamp · $147M total across 2 segments · Q2 2023
- Subscription$120M+14.3%81.6%
- Marketplace and Other$27M—18.4%
Forward guidance
For the third quarter of fiscal 2023, LiveRamp expects to report revenue of approximately $158 million, an increase of 12% year-over-year. For fiscal 2023, LiveRamp raises its guidance and now expects to report revenue of between $595 million and $600 million, an increase of 13% year-over-year and non-GAAP operating income of approximately $60 million.
Tailwinds
- Revenue of approximately $158 million, an increase of 12% year-over-year
- Non-GAAP operating income of approximately $22 million
- Revenue of between $595 million and $600 million, an increase of 13% year-over-year
- Non-GAAP operating income of approximately $60 million
- Increased FY23 non-GAAP operating income guidance to approximately $60 million, representing growth of more than 40% year-on-year.
Headwinds
- GAAP operating loss of approximately $27 million for Q3 2023
- GAAP operating loss of approximately $102 million for fiscal year 2023
- Uncertainties related to the ongoing COVID-19 pandemic
- Rising interest rates, cost increases and general inflationary pressure and the associated impacts on our suppliers, customers and partners
- The Company’s dependence upon customer renewals; new customer additions and upsell within our subscription business
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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