LiveRamp (NYSE:RAMP) Posts Earnings Results, Beats Expectations By $0.07 EPS

LiveRamp (NYSE:RAMP) issued its earnings results on Thursday. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07, FiscalAI reports. LiveRamp had a return on equity of 4.44% and a net margin of 5.15%.The business had revenue of $212.20 million for the quarter, compared to the consensus estimate of $211.68 million. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 8.6% compared to the same quarter last year.

Here are the key takeaways from LiveRamp’s conference call:

• LiveRamp beat Q3 expectations with $212M revenue (+9%), added $11M ARR QoQ, grew total customers by 15 and million‑dollar customers to 140, delivered record non‑GAAP operating margin and $67M free cash flow (used largely for buybacks), and holds ~$403M cash with no debt.
• Management says AI is a tailwind—LiveRamp cites four competitive moats (identity, interoperability, data governance, network scale), has signed 20+ AI partners, and expanded its Data Marketplace to license AI models/apps, positioning the platform to capture higher data volume and usage.
• The company is pivoting to a broader usage‑based pricing model (pilot with brand direct customers successful) and is rolling expanded usage agreements with resellers (highlighted Publicis and Uber), which management expects will help land SMBs and unlock incremental growth.
• FY‑2026 guidance was tightened to $810M–$814M (~9% growth) with Q4 revenue guidance of $203M–$207M; LiveRamp reiterates a roadmap to reach Rule of 40 by FY‑2028 (10%–15% growth and 25%–30% non‑GAAP margin) while continuing buybacks funded by cash flow.

LiveRamp Trading Down 1.4%

LiveRamp stock traded down $0.32 during midday trading on Thursday, hitting $22.49. The stock had a trading volume of 926,059 shares, compared to its average volume of 559,975. LiveRamp has a 52-week low of $21.71 and a 52-week high of $36.08. The company has a market capitalization of $1.43 billion, a PE ratio of 36.21 and a beta of 1.13. The firm’s fifty day moving average is $27.73 and its two-hundred day moving average is $28.19.

LiveRamp News Roundup

Here are the key news stories impacting LiveRamp this week:

• Positive Sentiment: Q3 earnings beat expectations — LiveRamp reported $0.76 EPS vs. consensus $0.69 and revenue of $212.2M (slightly above estimates); EPS was up from $0.55 a year ago, showing operating leverage. LiveRamp (RAMP) Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Improving margin and cash profile — the company reported record quarterly operating margin and strong operating cash flow, and has repurchased $119M YTD, which supports shareholder returns. LiveRamp Announces Results for Third Quarter FY26
• Neutral Sentiment: Market and media coverage — several outlets flagged the Q3 results and upcoming earnings context (earnings spotlight and snapshots), increasing visibility but not adding new material guidance changes. Liveramp in the spotlight: earnings test profit targets
• Neutral Sentiment: Q4/CY2025 commentary in press coverage described results as broadly in-line for the quarter, which tempers surprise but doesn’t change the narrative. LiveRamp: Fiscal Q3 Earnings Snapshot LiveRamp reports Q4 CY2025 in line with expectations
• Negative Sentiment: Revenue guidance came in slightly below Street consensus — FY26 revenue was guided to about $810M–$814M vs. consensus ~$815.7M, and Q4 revenue guidance of $203M–$207M was around the consensus, creating concern about growth momentum. LiveRamp Announces Results for Third Quarter FY26
• Negative Sentiment: Analyst downgrades and lower expectations — at least one firm (Benchmark) cut its outlook and an analyst downgrade pushed the shares to a one‑year low, amplifying downside pressure. Benchmark Has Lowered Expectations for LiveRamp LiveRamp Reaches New 1-Year Low on Analyst Downgrade
• Negative Sentiment: Technical/valuation context — the stock is trading near its one‑year low, below its 50- and 200-day moving averages, and volume has spiked, which can exacerbate downward moves until guidance or analyst views change. Is LiveRamp (RAMP) Offers Value After Prolonged Share Price Declines

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RAMP shares. Benchmark decreased their target price on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company upped their price objective on LiveRamp from $31.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Zacks Research downgraded LiveRamp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Morgan Stanley boosted their price target on LiveRamp from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Finally, Cross Research set a $53.00 price target on shares of LiveRamp in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.33.

Institutional Trading of LiveRamp

Institutional investors have recently made changes to their positions in the business. Boston Partners lifted its holdings in LiveRamp by 56.6% in the 3rd quarter. Boston Partners now owns 1,269,623 shares of the company’s stock worth $34,746,000 after purchasing an additional 459,094 shares in the last quarter. 4D Advisors LLC bought a new stake in shares of LiveRamp during the third quarter valued at approximately $5,428,000. Cubist Systematic Strategies LLC purchased a new position in shares of LiveRamp in the second quarter worth $4,435,000. Balyasny Asset Management L.P. boosted its position in shares of LiveRamp by 763.6% during the second quarter. Balyasny Asset Management L.P. now owns 139,881 shares of the company’s stock worth $4,622,000 after acquiring an additional 123,683 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in LiveRamp by 49.3% during the second quarter. AQR Capital Management LLC now owns 342,317 shares of the company’s stock valued at $11,310,000 after acquiring an additional 113,073 shares in the last quarter. Hedge funds and other institutional investors own 93.83% of the company’s stock.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.