LIVERAMP HOLDINGS Reports Positive Earnings Results for First Quarter of FY2024

☀️Earnings Overview

On June 30, 2023, LIVERAMP HOLDINGS ($NYSE:RAMP) announced their first quarter FY2024 earnings results. The company reported total revenue of USD 154.1 million, an 8.3% year over year increase. Net income stood at USD -1.6 million, an improvement from the -27.2 million reported in the same quarter of the previous year.

Market Price

On Wednesday, LIVERAMP HOLDINGS reported its financial results for the first quarter of the fiscal year 2024. Despite the positive financial results, the stock market reacted negatively. LIVERAMP HOLDINGS stock opened at $28.4 and closed at $27.1, representing a 5.2% drop from its last closing price of 28.6.

Analysts believe the market’s reaction is partially due to investor concerns over the company’s ability to sustain its growth in the long-term. The company has a solid balance sheet and continues to show revenue growth, but investors remain cautious about its long-term prospects. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Liveramp Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Liveramp Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Liveramp Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Liveramp Holdings are shown below. More…

Analysis

At GoodWhale we provide comprehensive financial analysis for investors looking to make informed decisions. We are proud to present our analysis of LiveRamp Holdings, Inc. (NYSE: RAMP). At GoodWhale, we believe investing should be based on insightful risk assessment. Our Risk Rating indicates that LiveRamp Holdings is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of LiveRamp Holdings, and encourage investors to register with us to better understand the underlying risks associated with this investment. Our in-depth financial analysis and ratings can help investors make more informed decisions when it comes to investing. More…

Peers

The competition between LiveRamp Holdings Inc and its competitors is fierce. Each company is trying to get a leg up on the others by offering better products and services. The competition is healthy, though, as it drives innovation and helps keep prices down.

– SponsorsOne Inc ($OTCPK:SPONF)

SponsorsOne Inc is a social media and digital marketing company. The company has a market capitalization of 7.27 million as of 2022 and a return on equity of -2645.75%. The company’s social media platform allows brands to connect with influencers and create marketing campaigns. The company also operates a digital marketing agency that provides services such as website design, social media management, and search engine optimization.

– Engagement Labs Inc ($LSE:ACT)

Actual Experience PLC is a United Kingdom-based company, which provides analysis of digital supply chains. The Company’s product, Actual Experience Analytics, is an enterprise software as a service (SaaS) platform, which allows customers to see how their digital services are experienced by end users, and to compare this with business objectives.

Summary

Liveramp Holdings reported their earnings results for Q1 of FY2024, showing total revenue of USD 154.1 million, an 8.3% increase year over year. Net income was USD -1.6 million, a significant improvement from the -27.2 million reported in Q1 of FY2023. The market responded with a drop in stock price on the same day.

This suggests that investors are cautiously optimistic about the company’s financial performance, yet remain wary of its ability to sustain profits in the long run. Analysts should continue to closely monitor the company’s financial performance and use caution when investing in Liveramp Holdings.