LiveRamp Q1 revenue rises on AI initiatives, OpenAI and Adobe partnerships
RAMP•Q1 revenue and profit growth
- Data collaboration platform's Q1 revenue grew 10% yr/yr to $214 mln
- Adjusted operating income for Q1 rose 41% yr/yr to $50 mln
- Company repurchased 0.6 mln shares for $18 mln in Q1
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Revenue | Beat | $214 mln | $211.45 mln (2 Analysts) |
| Q1 Adjusted Operating Income | Beat | $50 mln | $44.66 mln (2 Analysts) |
| Q1 Adjusted Gross Margin | 72% | ||
| Q1 Operating Income | $20 mln |
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the software peer group is "buy"
- Wall Street's median 12-month price target for Liveramp Holdings Inc is $38.50, about 1.7% above its August 4 closing price of $37.86
- The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Outlook withheld amid pending transaction
- LiveRamp declines to provide financial guidance due to pending Publicis Groupe transaction
