Strong Revenue Growth
Total revenue increased by 11% to $195 million, exceeding expectations and marking the sixth consecutive quarter of double-digit growth. Subscription revenue was up 10%, and Marketplace and Other revenue increased by 13%.
Record Operating Margins
Non-GAAP operating income increased by 34%, with operating margin reaching a record first quarter high of 18%, a 3-point expansion.
Positive Outlook and Increased Guidance
FY '26 revenue guidance increased by $6 million at the midpoint. Free cash flow outlook improved due to recent tax legislation, and GAAP operating income is projected to be between $81 million and $85 million.
New Business and Product Momentum
The new Cross-Media Intelligence solution surpassed initial expectations, and Commerce Media Networks continued to drive growth, with significant deals secured with Walgreens and a leading U.S. department store.
AI Opportunities and Strategic Positioning
LiveRamp is well positioned for the AI-driven future of advertising, with a focus on data connectivity and partner networks to support AI advancements.