LiveRamp Holdings, Inc. (RAMP)

LiveRamp reported revenue of $214.0 million for the three months ended 30 June 2026, up 9.8% from a year earlier 2.

Net earnings were $17.5 million, or $0.28 per diluted share 2. Net earnings means profit after all costs and taxes 2.

The bigger story is a pending sale of the whole company 1. On May 16, 2026, LiveRamp agreed to be bought by a subsidiary of Publicis, the French advertising group 1.

The company expects the deal to close by the end of calendar year 2026, subject to stockholder and regulatory approvals 1.

Chief executive Scott Howe said on 5 August that the deal remains on track to close before the end of calendar 2026 3.

LiveRamp sells software that lets companies match and share customer data safely for marketing 1. Its fiscal year ends on 31 March 1.

For the twelve months ended 31 March 2026, revenue was $812.9 million, a 9.0% increase from $745.6 million 1.

Cost of revenue, the direct cost of running the platform, rose 10.3%, so gross margin slipped to 70.7% from 71.0% 1.

Total operating expenses fell 6.3% to $491.4 million from $524.3 million 1. Non-cash stock pay was $83.0 million, down from $108.0 million 1.

Net earnings jumped to $146.0 million from a loss of $0.8 million 1. Most of the swing was tax: a $46.7 million tax benefit replaced a $25.3 million tax expense 1.

The company says the change came mainly from its valuation allowance, a tax reserve against future benefits, which produced a $53.8 million benefit in fiscal 2026 1.

Operating cash flow was $167.8 million, up from $154.0 million 1. The company repurchased 7.1 million of its own shares for $194.4 million, against 3.8 million shares for $101.1 million a year before 1.

Restructuring charges, the cost of reorganizing, were $5.0 million against $8.0 million a year earlier 1.

Subscriptions and the data platform

LiveRamp calls its product a data collaboration platform 1. It lets a company strip names from its customer records, swap in a coded identifier called RampID, and share that data with partners 1.

About 76% of revenue comes from subscriptions sold for one year or more, priced by the volume of data the platform supports 1.

The company says it connects to more than 500 partners 1.

Data Marketplace and services

The Data Marketplace lets data sellers offer their data to buyers, and LiveRamp earns a share of the sale 1. It works with more than 225 data providers 1.

Professional services such as setup and analysis are less than 5% of revenue 1.

Customers, rivals and people

LiveRamp works with 846 direct customers, and 133 of them pay more than $1 million a year 1. Its ten largest customers were about 30% of revenue 1.

Its main rivals are companies that bundle data matching into larger marketing suites, and the big platforms that match customer lists inside their own walls 1.

LiveRamp employs approximately 1,300 people 1. After moving work in-house from a service provider in India, headcount in India rose by about 180 to about 265 2.

All its offices are leased, including San Francisco, New York, London and Hyderabad 1.

The umbrella, in words

LiveRamp owns 100% of its subsidiaries listed in its annual report, including Data Plus Math, DataFleets, Diablo.ai and Habu, all Delaware companies 4.

If the merger closes, LiveRamp becomes a direct wholly owned subsidiary of MMS USA Holdings, itself a wholly owned subsidiary of Publicis 1. The company counted 870 record holders of its stock on 15 May 2026 1.

The company expects the Publicis merger to close by the end of calendar year 2026, and the 10-Q ties it to the August 2026 special stockholders' meeting and regulatory approvals 12.

If it closes, the stock will be delisted from the New York Stock Exchange and deregistered with the SEC 1.

Under the merger agreement, LiveRamp has paused share repurchases until the merger is done 1. Before that, its program allowed up to $1.5 billion of buybacks through 31 December 2027 1.

Its stated growth plans are to add customers, deepen use inside current ones and become the standard for consumer identity in marketing 1. The company believes its target market includes 2,000 marketers 1.

In the first quarter it also said it launched the LiveRamp Agent Builders Lab, with new partnerships with OpenAI, Databricks and Adobe 3.

No clue on file points to a new direction yet.