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LiveRamp Holdings Inc. (RAMP-3.81%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports revenues of $195.4 million, a 12.4% increase from $173.9 million in the same quarter the previous year. Subscription revenue grew by 10% to $145.6 million, while Marketplace and Other revenue increased by 20% to $49.8 million.
Cost of revenue for the quarter was $55.0 million, representing 28.1% of sales, compared to 25.8% in the same quarter of the previous year. This increase is attributed to higher cloud infrastructure and services costs.
The company reported a gross profit of $140.4 million for the quarter, compared to $128.9 million in the previous year. Gross margin decreased to 71.9% from 74.2% due to increased costs.
Operating expenses were $125.7 million, up from $113.7 million, driven by increased research and development, sales and marketing, and general and administrative expenses.
Net earnings for the quarter were $11.2 million, down from $14.0 million in the previous year. Earnings per diluted share were $0.17, compared to $0.21 in the previous year.
Cash provided by operating activities was $91.4 million, while cash used in investing and financing activities was $20.9 million and $76.4 million, respectively.
LiveRamp repurchased 0.4 million shares for $10.0 million during the quarter under its stock repurchase program.
The company reported a working capital of $412.2 million as of December 31, 2024. Management believes existing cash will be sufficient to meet future obligations.
The filing also discusses the impact of changes in the regulatory environment on data collection and usage, and highlights the company's focus on data collaboration and identity solutions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the LiveRamp Holdings Inc. quarterly 10-Q report dated February 5, 2025. To report an error, please email earnings@qz.com.