LiveRamp(NYSE) RAMP

LiveRamp helps businesses share and use data safely. It connects customer details to improve marketing results. This makes digital ads more accurate for brands.

Tools for Data Collaboration

• Subscription Services: Software for matching customer data across systems; includes usage-based fees at 15% of total subscription sales and represents 76% of revenue.
• Data Marketplace: Online platform where companies buy and sell audience information to improve targeting and measurement.
• Live/Insights: Measurement tools using clean rooms, which are secure spaces to share data without exposing personal details.

Acquisitions and New Ownership

• Entered a merger agreement in May 2026 to be acquired by Publicis for approximately $38.50 per share in cash.
• Acquired Habu, Inc. in 2024 to enhance its data clean room technology and measurement capabilities.
• Initiated a strategy in late fiscal 2026 to wind down an external service in India and move those roles in-house.

A Neutral Data Bridge

LiveRamp operates as a neutral middleman that connects information across hundreds of different advertising platforms. The company serves 846 direct customers and processes more than 4 trillion data records every day.

Recent Financial Performance

• Quarterly revenue reached $206.1 million in Q4 2026, up 9.2% from the same period last year.
• Operating income turned positive at $18.6 million in Q4 2026, improving from a $11.5 million loss the previous year.
• Net income hit $70.9 million in Q4 2026, improving from a loss of $6.3 million in Q4 2025.
• Free cash flow hit $60.1 million in Q4 2026, a 2.2% decrease from the prior year.

Bottom Line

LiveRamp has evolved from a traditional data firm into a modern connectivity platform that links customer information across the web. Its pending merger with Publicis represents a major shift in its corporate structure and future direction.