The following is a summary of the LiveRamp Holdings, Inc. (RAMP) Q4 2024 Earnings Call Transcript:
Financial Performance:
LiveRamp exceeded Q4 revenue and operating income expectations, with total revenue up 16%, subscription up 11%, and marketplace up 38%.
Revenue growth for FY'24 was 11% or 10% excluding Habu, marking a substantial improvement from initial growth estimates.
Q4 non-GAAP operating income exceeded expectations by $3 million or 20%.
Annual Recurring Revenue (ARR) reported growth of 10%.
Business Progress:
LiveRamp launched the next-generation data collaboration platform, promising a seamless user interface, new ingestion pipes, and an expanded partner marketplace.
The company improved their customer retention rate by 6 percentage points in FY'24.
LiveRamp executed a new three-year contract with two major retailers showing substantial progress in their partnerships.
The acquisition of Habu has allowed LiveRamp to expand its product offerings and client base.
For the fiscal year 2025, LiveRamp aims to improve subscription growth and continue margin expansion.
LiveRamp has been investing in its sales force and cloud strategy, restructuring its APAC operations and purchasing Habu to continue growing its business.
They have started work on PAIRs with Google, where they are considered one of the key launch partners.
More details: LiveRamp IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.