What is LiveRamp's latest dividend and current dividend yield?

What were the key takeaways from LiveRamp’s earnings call?

What were the key takeaways from LiveRamp's earnings call?

What guidance did LiveRamp's management provide for the next earnings period?

What is the market's earnings forecast for LiveRamp next quarter?

What is LiveRamp's gross profit margin?

What is the revenue and EPS growth rate for LiveRamp year over year?

What factors drove the changes in LiveRamp's revenue and profit?

- **Revenue Growth**: Q2 revenue up 8% to $200M, driven by 18% Marketplace growth and $14M ARR increase. Subscription customers reached 132, a 5% Q/Q rise.
- **AI and Pricing Model Success**: New AI tools (e.g., Agentic orchestration) and usage-based pricing pilot yield 20% upsell, with FY '26 revenue guidance raised to $804M-$818M.
- **Financial Strength**: Operating income +10% to $45M, free cash flow $57M, and $80M share buybacks YTD. Target Rule of 40 by FY '28 with 10%+ revenue growth and margin expansion.

**【CEO Summary Section】**
- Q2 revenue grew 8% to $200M, driven by 18% growth in Marketplace and other revenue. Subscription revenue increased 5% to $150M, with ARR up 7% year-over-year.
- Net new ARR reached $14M, the highest in 7 quarters, supported by 5% sequential growth in million-dollar-plus subscription customers to 132.
- Signed a multimillion-dollar contract with a global auto manufacturer and a 20% upsell with a leading social media platform. Non-GAAP operating income rose 10% to $45M, with GAAP operating margin doubling to 22%.
- Strategic focus on AI enhancements (e.g., AI-powered audience segment builder), new usage-based pricing model pilot, and achieving Rule of 40 by FY '28.

**【CFO Financial Commentary】**
- Total revenue: $200M (8% YoY), with Marketplace and other revenue at $50M (18% YoY). Subscription gross margin: 72%, down 3pts YoY due to cloud costs.
- Operating expenses: $100M (flat YoY), driven by cost efficiencies. Free cash flow: $57M, with $80M repurchased YTD.
- Updated FY '26 guidance: Revenue $804M-$818M (8%-10% growth), non-GAAP operating income $178M-$182M. Gross margin expected to remain ~72% due to platform migration delays.

**【Q&A Key Highlights】**
- **ARR Growth Drivers**: Clean room solutions for CTV and commerce media, new logo activity (+14M ARR), and lower churn. Pricing model pilot expanded beyond initial targets, with 20% upsell example.
- **AI Impact**: Minimal exposure to open web; focus on first/second-party data for AI models. New AI tools (e.g., Agentic orchestration) enhance customer value.
- **Platform Investments**: $377M cash on hand; investments in AI, platform modernization, and pricing model to fuel future growth. FY '26 operating income +30%, margin +4pts to 22%.
- **Customer Trends**: Subscription customer count stabilizing; new logo pipeline strong, with focus on mid-sized brands and data providers.

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