LiveRamp (NYSE:RAMP) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

LiveRamp (NYSE:RAMP) announced its quarterly earnings results on Thursday. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07, FiscalAI reports. The company had revenue of $212.20 million for the quarter, compared to the consensus estimate of $211.68 million. LiveRamp had a return on equity of 6.43% and a net margin of 8.64%.LiveRamp’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS.

Here are the key takeaways from LiveRamp’s conference call:

• LiveRamp beat Q3 expectations with $212M revenue (+9%), added $11M ARR QoQ, grew total customers by 15 and million‑dollar customers to 140, delivered record non‑GAAP operating margin and $67M free cash flow (used largely for buybacks), and holds ~$403M cash with no debt.
• Management says AI is a tailwind—LiveRamp cites four competitive moats (identity, interoperability, data governance, network scale), has signed 20+ AI partners, and expanded its Data Marketplace to license AI models/apps, positioning the platform to capture higher data volume and usage.
• The company is pivoting to a broader usage‑based pricing model (pilot with brand direct customers successful) and is rolling expanded usage agreements with resellers (highlighted Publicis and Uber), which management expects will help land SMBs and unlock incremental growth.
• FY‑2026 guidance was tightened to $810M–$814M (~9% growth) with Q4 revenue guidance of $203M–$207M; LiveRamp reiterates a roadmap to reach Rule of 40 by FY‑2028 (10%–15% growth and 25%–30% non‑GAAP margin) while continuing buybacks funded by cash flow.

LiveRamp Price Performance

Shares of NYSE RAMP opened at $23.22 on Friday. LiveRamp has a 1 year low of $21.71 and a 1 year high of $35.87. The firm has a 50-day moving average of $27.49 and a 200 day moving average of $28.08. The stock has a market cap of $1.48 billion, a P/E ratio of 21.91 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RAMP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of LiveRamp in a research report on Monday, December 29th. Zacks Research cut shares of LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. DA Davidson reduced their price objective on shares of LiveRamp from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley raised their target price on shares of LiveRamp from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Finally, Benchmark reduced their price target on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LiveRamp has an average rating of “Hold” and a consensus target price of $39.40.

Key Stories Impacting LiveRamp

Here are the key news stories impacting LiveRamp this week:

• Positive Sentiment: Q3 beat: LiveRamp reported EPS $0.76 vs. consensus $0.69 and revenue $212.2M (up ~8–9% YoY), signaling stronger-than-expected near-term performance. Read More.
• Positive Sentiment: Analysts and investors highlighted margin progress, record quarterly operating margin and robust operating cash flow; management also noted $119M of share repurchases fiscal YTD, supporting EPS and capital return narrative. Read More.
• Positive Sentiment: Strategic growth drivers: company emphasizes AI partnerships and a shift toward usage‑based pricing and aims to reach a Rule of 40 profile by FY‑28—an investor-friendly long‑term target that supports a higher multiple if execution continues. Read More. Read More.
• Neutral Sentiment: Guidance mixed: FY revenue guide of roughly $810M–$814M is slightly below consensus (~$815.7M) while Q4 revenue guidance is roughly in line—this tempers the beat and leaves upside dependent on execution. Read More.
• Negative Sentiment: Prior downward analyst revisions: Benchmark and other outlets flagged lower expectations and an analyst downgrade that pushed shares to a 1‑year low earlier this week; lingering skepticism could constrain multiple until guidance clarity. Read More.
• Neutral Sentiment: Price target action: Wells Fargo raised its target to $38 (Equal Weight) — a sizable upside from current levels but the rating remains neutral, indicating upside is recognized but not a full buy endorsement. Read More.

Hedge Funds Weigh In On LiveRamp

Several large investors have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its position in shares of LiveRamp by 0.5% in the 2nd quarter. Engineers Gate Manager LP now owns 113,424 shares of the company’s stock worth $3,748,000 after purchasing an additional 561 shares in the last quarter. US Bancorp DE boosted its holdings in LiveRamp by 8.8% in the third quarter. US Bancorp DE now owns 6,944 shares of the company’s stock worth $188,000 after acquiring an additional 564 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of LiveRamp by 1.1% in the second quarter. California State Teachers Retirement System now owns 61,432 shares of the company’s stock worth $2,030,000 after acquiring an additional 640 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LiveRamp by 1.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,234 shares of the company’s stock worth $999,000 after acquiring an additional 677 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of LiveRamp by 9.8% during the third quarter. Lido Advisors LLC now owns 8,989 shares of the company’s stock valued at $244,000 after acquiring an additional 802 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

About LiveRamp

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.