Liveramp Holdings, Inc. · NYSE:RAMP
Liveramp — Q2 FY26 Earnings Presentation
18 slides from Liveramp's earnings presentation, Nov 5, 2025
Slide 1: Q2 FY26 Earnings Presentation
Q2 FY26 Earnings Presentation Nov 5, 2025
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, regarding LiveRamp’s (the "Company“) future busin
Slide 3: Use of Non-GAAP Information
Use of Non-GAAP Information The Company reports all financial information required in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company believes, however, that evaluating its ongoing operating results will be enhanced if it also discloses certain non-GAAP information
Slide 4: Financial Highlights
Financial Highlights Q2 FY26 Predictable, Recurring Revenue Strong KPIs Retention Rates $516M 76% $652M 132 102% 105% 7% YoY Growth Proportion Remaining Customers with Subscription Net Platform Net Annual Recurring of Revenue from Performance $1M+ annualized Retention 6 Retention 7 Revenue (ARR) 1 S
Slide 5: Summary Financial Results
GAAP Non-GAAP 3 Q226 YoY Q226 YoY Revenue $200 8% $200 8% Summary Gross Profit $140 4% $144 4% Financial Results Gross Margin 70% (2pts) 72% (3pts) $M, except per share amounts Operating Income $21 186% $45 10% Operating Margin 11% 7pts 22% - Net Earnings $27 n/m $36 6% EPS $0.42 n/m $0.55 8% Share C
Slide 6: Revenue Summary
Revenue by Type Q226 Q225 YoY Subscription $150 $143 5% Marketplace $50 $42 18% & Other Revenue Summary Total $200 $185 8% $M Revenue by Geography Q226 Q225 YoY US $189 $175 8% International 5 $11 $10 8% Total $200 $185 8% Totals may not foot due to rounding. © 2025 LiveRamp. All rights reserved. Se
Slide 7: Free Cash Flow
Q226 Q225 Free Cash Flow Operating Cash Flow $57 $56 $M, Non-GAAP Capital Expenditures ($1) ($0) Free Cash Flow $57 $55 Totals may not foot due to rounding. © 2025 LiveRamp. All rights reserved. 7
Slide 8: Key Growth Metrics
Key Growth Metrics $M 1 Subscription Net Retention 6 3 ARR Growth 1 Q225 Q325 Q425 Q126 Q226 Q225 Q325 Q425 Q126 Q226 Subscription ARR $483 $491 $504 $502 $516 107% 108% 104% 104% 102% Net Retention (SNR) YoY % 13% 10% 8% 5% 7% 2 Platform Net Retention 7 4 TTM Marketplace Revenue Growth Q225 Q325 Q4
Slide 9: Revenue Detail
Subscription Revenue: Q225 Q325 Q425 Q126 Q226 Fixed % of Total Subscription 84% 84% 85% 85% 85% Usage % of Total Subscription 16% 16% 15% 15% 15% Total Subscription Revenue $143 $146 $145 $148 $150 YoY growth 14% 10% 9% 10% 5% Revenue Detail Marketplace & Other Revenue: $M Data Marketplace $33 $39
Slide 10: Remaining Performance Obligations (RPO)
Remaining Performance Obligations (RPO) 8 $M $710 $690 $652 (up 29% YoY) $579 $536 $504 239 239 Non-Current 222 145 138 130 471 451 430 Current 398 434 374 (up 15% YoY) Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Totals may not foot due to rounding. See Appendix for footnote definitions 10
Slide 11: Outlook
Outlook /L
Slide 12: Q3 & FY26 Outlook
Q3 & FY26 Outlook Q3 FY26 Other Items (~$M) FY26 ($M) Ongoing Stock-based Comp $71 Revenue $209-$213 $804-$818 Acquisition-related Stock-based Comp $12 YoY Growth 7%-9% 8%-10% Total Stock-based Comp $83 YoY (23%) GAAP Operating Income $33-$35 $83-$87 Share Count (Basic) 65 Non-GAAP Operating $55-$57
Slide 13: Appendix
Appendix /L
Slide 14: Network Scale
Network Scale Global North America EU LATAM APAC Interoperable PAIR 500+ Ecosystem More than 92% Scale Partners of US consumer time spent online Multi-Channel Open Exchange Private Marketplace Direct Walled Garden CTV MarTech IDC Marketscape: At Scale & Effective 313% ROI for Brands Leader in Data C
Slide 15: Customer Success Stories
Customer Success Stories Illustrative case studies Forrester: Total Economic Impact study Lyft: Using LiveRamp, Lyft Media helps brands reveals the LiveRamp Data Collaboration responsibly connect ride insights with their own Platform can deliver a 313% ROI for brands first-party data, to power person
Slide 16: GAAP to Non-GAAP Schedules and Metrics
GAAP to Non-GAAP Schedules and Metrics GAAP to Non-GAAP Trended Schedules, Reconciliations, EBITDA and EPS metrics are presented on our investor relations website: https://investors.liveramp.com/financial -information/quarterly-results © 2025 LiveRamp. All rights reserved. 16
Slide 17: Footnotes
Footnotes 1 Annualized Recurring Revenue (“ARR”) is defined as the last month of quarter fixed subscription revenue annualized and does not include any variable or non-recurring revenue amounts. This metric is forward looking and does not factor in potential contraction, nor does it include potential
Slide 18: Thank You
Thank You /L