Strong Financial Performance
Total revenue grew by 16% with subscription revenue up 14% and marketplace revenue up 23%. Operating income grew by 28% and operating margin expanded to a record high of 22%.
Increase in $1 Million-Plus Customers
The company saw an increase of 10 $1 million-plus customers, bringing the total to a record high of 125.
Improved Subscription Net Retention
Subscription net retention improved to 107%, marking the sixth consecutive quarter of improvement.
Rule of 40 Progress
The company is on track for Rule of 30 this fiscal year with 12% revenue growth and 18% operating margin, showing a 350 basis point improvement year-over-year.
Positive Outlook for CTV and Clean Room Solutions
LiveRamp's clean room solutions are gaining traction, with notable partnerships like Disney and Netflix helping to scale their collaboration network.