Record Operating Margin Expansion
Non-GAAP operating income increased by 34%, with a 3-point margin expansion to a record first quarter high of 18%. GAAP operating margin expanded by 7 points.
Double-Digit Revenue Growth
Total revenue increased by 11%, marking the sixth consecutive quarter of double-digit growth in both subscription revenue and marketplace and other.
Strong Sales Momentum in Data Collaboration
The data collaboration network showed strong sales momentum, with an above-average conversion of pipeline into signings, reduction in the average sales cycle length, and an increase in average deal size.
Positive Impact of New Pricing Model Pilot
The new pricing model pilot program launched with 40 customers and has been well-received, including signing the world's largest quick-serve restaurant.
AI and Data Collaboration Platform Positioning
LiveRamp is positioning itself for an AI-driven future, emphasizing data connectivity and interoperability as key differentiators.