Liveramp Stock Price, News & Analysis

LiveRamp (NYSE: RAMP) has successfully completed the acquisition of DataFleets, a cloud data platform that enhances data collaboration while emphasizing privacy. This strategic move aims to address the challenge of unifying data silos without the need for data movement, according to LiveRamp's president, Anneka Gupta. The acquisition will expand LiveRamp’s capabilities in privacy protection and provide customers with advanced privacy technologies, allowing for better data insights and improved customer experiences.

LiveRamp, a global data connectivity platform, reported impressive Q3 fiscal 2021 results with total revenue of $120 million, a 17% increase year-over-year. Subscription revenue reached $93 million, up 15%, while Marketplace and Other revenue surged by 27% to $26 million. Gross profit stood at $83 million, marking a 29% rise, and GAAP gross margin expanded to 69%. The company reported a GAAP operating loss of $16 million, significantly reduced from the previous year's loss of $41 million. LiveRamp also announced a definitive agreement to acquire DataFleets, enhancing its data capabilities.

LiveRamp (NYSE: RAMP) announced its acquisition of DataFleets, a cloud data platform enhancing data protection and collaboration. This strategic move allows LiveRamp to unlock greater data access without compromising privacy. DataFleets' technology supports secure analytics across borders and silos, addressing evolving privacy regulations. The acquisition is expected to enhance LiveRamp's capabilities in areas such as healthcare and financial services while maintaining control over data. The transaction is set to close in LiveRamp's fiscal fourth quarter, with no material impact on fiscal 2021 results.

LiveRamp (NYSE: RAMP) announced that its fiscal year 2021 third quarter earnings release will be issued on February 8, after market close. A conference call to discuss results is scheduled for 1:30 p.m. PT that same day. The call can be accessed via a provided registration link, where participants will receive dial-in details. This event is part of LiveRamp's commitment to transparency with investors, highlighting its position as a leading data connectivity platform.

Trialbee has partnered with LiveRamp to enhance patient recruitment in clinical trials. This innovative collaboration is aimed at identifying and engaging potential trial participants using LiveRamp's extensive data connectivity platform, ensuring a privacy-centric approach. By leveraging advanced data science, Trialbee seeks to overcome recruitment inefficiencies that often lead to trial delays. The partnership promises to improve patient engagement throughout the trial process, potentially leading to quicker enrollment and better outcomes.

Nativo has announced a strategic partnership with LiveRamp (NYSE: RAMP) to enhance people-based addressability for advertisers across the open web. This integration allows advertisers to leverage comprehensive consumer datasets for improved targeting, measurement, and monetization. With LiveRamp's Authenticated Traffic Solution, Nativo will enable publishers to connect addressable inventory to advertiser demand, ensuring consumers maintain control over their data. The collaboration aims to maximize engagement and drive revenue while adapting to the phasing out of third-party cookies.

LiveRamp (NYSE: RAMP) has partnered with Kinetiq to enhance TV ad measurement by unifying paid, earned, and owned impressions at the household level. This partnership allows advertisers to gain a comprehensive view of their investments across platforms. Utilizing Kinetiq's extensive ad catalog, LiveRamp's Data Plus Math solution aims to improve accuracy in connecting ad exposure data to outcomes, optimizing ROI, and enabling better insights into TV audiences. This collaboration marks a significant step towards redefining TV attribution for brands and media owners.

LiveRamp (NYSE: RAMP) has announced that its President and CFO, Warren Jenson, will present at the Stephens Annual Investment Conference on November 16, 2020, at 9:00 a.m. PT / 12:00 p.m. ET. This virtual conference will provide an opportunity for investors to gain insights into LiveRamp’s data connectivity platform. Interested parties can access the event and supporting materials via a webcast and an archived replay on the investor relations website.

LiveRamp (NYSE: RAMP) has appointed Kamakshi Sivaramakrishnan to its board of directors. Previously the CEO and co-founder of Drawbridge, Sivaramakrishnan leads the integration and identity charter at LinkedIn after Drawbridge's acquisition by Microsoft in 2019. Her experience includes significant contributions to identity solutions and mobile advertising technology. CEO Scott Howe highlighted her leadership and innovation, noting her potential to enhance LiveRamp's identity infrastructure for a trusted ecosystem. Sivaramakrishnan is recognized as a leading figure in technology and holds advanced degrees in electrical engineering.