LiveRamp extends, adds $200M to its share repurchase authorization

LiveRamp (RAMP) announced that its Board of Directors increased the Company’s share repurchase authorization by $200 million to $1.5 billion and extended the expiration by one year to December 31, 2027. With this program expansion, the Company has approximately $337 million currently available for share repurchases through the end of calendar 2027. Commenting on the announcement, CFO Lauren Dillard said, “We are highly confident in LiveRamp’s long-term growth outlook and believe the current share price materially undervalues both our business and our role in an increasingly AI-driven ecosystem. Recent market dislocation reflects broader concerns about software displacement by AI, but we see the opposite dynamic at work – AI is data-hungry, and LiveRamp operates the largest and most interoperable data network in our space. With a strong balance sheet and durable cash flow generation, we have significant capacity to act on this disconnect by accelerating our share repurchase program over the coming months.”