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LiveRamp NYSE: RAMP stockholders approved the company's proposed merger with MMS USA Holdings Inc. at a virtual special meeting, clearing a key shareholder-vote requirement for the transaction outlined in a May 16, 2026 merger agreement.

LiveRamp (RAMP - Free Report) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +18.18%. A quarter ago, it was expected that this data-services company would post earnings of $0.49 per share when it actually produced earnings of $0.52, delivering a surprise of +6.12%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

LiveRamp, which belongs to the Zacks Technology Services industry, posted revenues of $213.99 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $194.82 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

LiveRamp shares have added about 28.9% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for LiveRamp?While LiveRamp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for LiveRamp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $218.86 million in revenues for the coming quarter and $2.95 on $882.34 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

iQSTEL Inc. (IQST - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.23 per share in its upcoming report, which represents a year-over-year change of +72%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

iQSTEL Inc.'s revenues are expected to be $106.05 million, up 46.9% from the year-ago quarter.

LiveRamp (NYSE: RAMP), the leader in data collaboration, today announced it has expanded its [url="]Cross-Media Intelligence[/url] solution to enable cross-medi

Posted by Defense World Staff on Jul 28th, 2026

American Capital Management Inc. lessened its holdings in shares of LiveRamp Holdings, Inc. (NYSE:RAMP – Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,863,589 shares of the company’s stock after selling 14,167 shares during the period. LiveRamp accounts for approximately 2.7% of American Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position. American Capital Management Inc. owned about 2.95% of LiveRamp worth $49,422,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RAMP. Headlands Technologies LLC acquired a new position in shares of LiveRamp during the 2nd quarter worth approximately $31,000. Sound Income Strategies LLC lifted its position in LiveRamp by 769.1% during the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock worth $28,000 after buying an additional 946 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in LiveRamp by 197.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock worth $32,000 after buying an additional 727 shares during the last quarter. Strs Ohio purchased a new stake in LiveRamp in the 1st quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings in LiveRamp by 63.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 583 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

LiveRamp Stock Up 0.3% RAMP stock opened at $37.80 on Tuesday. LiveRamp Holdings, Inc. has a 52-week low of $21.71 and a 52-week high of $38.23. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 16.58 and a beta of 1.27. The business has a fifty day moving average of $37.67 and a two-hundred day moving average of $30.75.

LiveRamp (NYSE:RAMP – Get Free Report) last announced its quarterly earnings results on Monday, May 18th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a return on equity of 8.28% and a net margin of 17.95%.The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that LiveRamp Holdings, Inc. will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In RAMP has been the topic of several analyst reports. Weiss Ratings lowered LiveRamp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Morgan Stanley set a $38.50 price objective on shares of LiveRamp in a research report on Friday, May 22nd. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 target price on the stock. in a research note on Tuesday, May 19th. Finally, DA Davidson lowered shares of LiveRamp from a “buy” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $38.50 in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, LiveRamp has a consensus rating of “Hold” and an average target price of $40.21.

View Our Latest Research Report on LiveRamp

LiveRamp Company Profile (Free Report)

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.

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SAN FRANCISCO--(BUSINESS WIRE)--LiveRamp (NYSE: RAMP), the leader in data collaboration, today announced new research developed in collaboration with the Marketing + Media Alliance (MMA), examining the impact of incomplete and inconsistently linked marketing measurement. Critically, The Missing Piece: Improving Confidence in Marketing Measurement report finds that even small amounts of non-random missing data or low identity precision may lead marketers to make flawed budget decisions, and over.

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NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of LiveRamp Holdings, Inc. (NYSE: RAMP) to Publicis Groupe. Under the terms of the proposed transaction, shareholders of LiveRamp will receive $38.50 in cash for each share of LiveRamp that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-ramp/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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LiveRamp (NYSE: RAMP), the leader in data collaboration, today announced a new integration with Adobe GenStudio for Commerce Media Networks (CMNs), making comme

Q4 Revenue up 9% year-over-year
Q4 Annual Recurring Revenue up 8% year-over-year
Q4 Subscription Net Retention improved to 107%
FY26 record annual Operating Cash Flow of $168 million and Share Repurchases of $194 million

LiveRamp Enters into Definitive Agreement to be Acquired by Publicis Groupe in All-Cash Transaction with an Equity Value of $2.5 billion

SAN FRANCISCO, May 17, 2026 (GLOBE NEWSWIRE) -- LiveRamp® (NYSE: RAMP), a leading data collaboration platform, today announced its financial results for the quarter and fiscal year ended March 31, 2026.

Q4 Financial Highlights
Unless otherwise indicated, all comparisons are to the prior year period.

Total revenue was $206 million, up 9%.Subscription revenue was $158 million, up 9%.Marketplace & Other revenue was $49 million, up 11%.GAAP gross profit was $146 million, up 11%. GAAP gross margin of 71% expanded by 1 percentage point. Non-GAAP gross profit was $149 million, up 10%. Non-GAAP gross margin of 72% expanded by 1 percentage point.GAAP income from operations was $15 million compared to a loss of $12 million. GAAP operating margin of 7% expanded by 14 percentage points. Non-GAAP operating income was $40 million, up 75%. Non-GAAP operating margin of 20% expanded by 7 percentage points.GAAP and non-GAAP diluted earnings per share was $1.12 and $0.52, respectively. GAAP diluted EPS benefited from the release of deferred tax valuation allowances.Net cash provided by operating activities was $59 million compared to $63 million.Share repurchases in the fourth quarter totaled approximately 2.8 million shares for $76 million. Fiscal Year 2026 Financial Highlights
Unless otherwise indicated, all comparisons are to the prior year period.

Total revenue was $813 million, up 9%. Subscription revenue was $614 million, up 8%.Marketplace & Other revenue was $199 million, up 12%. GAAP gross profit was $575 million, up 9%. GAAP gross margin of 71% was flat. Non-GAAP gross profit was $591 million, up 7%, and non-GAAP gross margin of 73% compressed by 1 percentage point.GAAP Income from operations was $83 million compared to $5 million. GAAP operating margin of 10% expanded by 10 percentage points. Non-GAAP operating income was $182 million, up 34%. Non-GAAP operating margin of 22% expanded by 4 percentage points.GAAP diluted earnings per share was $2.24, and non-GAAP diluted EPS was $2.27. GAAP diluted EPS benefited from the release of deferred tax valuation allowances.Net cash provided by operating activities was $168 million compared to $154 million. Share repurchases in fiscal 2026 totaled approximately 7.1 million shares for $194 million. As of March 31, 2026, there was $262 million in remaining capacity under the recently modified share repurchase authorization that expires on December 31, 2027. A reconciliation between GAAP and non-GAAP results is provided in the schedules in this press release.

Commenting on the results, CEO Scott Howe said: “We finished FY26 on a strong note, with Q4 revenue and operating income ahead of consensus and ARR growth accelerating sequentially. We also achieved record operating cash flow in FY26, and returned over 100% to shareholders through buybacks. We continue to leverage AI to make our platform faster, more effective and easier to use, including the recent introduction of AI agent accessibility, enabling specialized AI agents to autonomously collaborate with any partner.”

Howe continued: “In addition, we announced an agreement to be acquired by Publicis Groupe, delivering significant and certain value to LiveRamp shareholders. This transaction reflects the strength of our business, the value of our platform and the strategic role LiveRamp plays in an AI-driven market. Together, we believe we can accelerate data collaboration and the delivery of AI capabilities that help customers and partners advance agentic transformation and derive more value, faster.”

GAAP and Non-GAAP Results

The following table summarizes the Company’s financial results for the fourth quarter and fiscal year ended March 31, 2026 ($ in millions, except per share amounts):

  GAAP Non-GAAP  Q4 FY26 FY26 Q4 FY26 FY26Subscription revenue $158  $614   --   -- YoY change %  9%  8%  --   -- Marketplace & Other revenue $49  $199   --   -- YoY change %  11%  12%  --   -- Total revenue $206  $813   --   -- YoY change %  9%  9%  --   --          Gross profit $146  $575  $149  $591 % Gross margin  71%  71%  72%  73%YoY change, pts 1 pt 0 pts 1 pt (1) pt         Operating income $15  $83  $40  $182 % Operating margin  7%  10%  20%  22%YoY change, pts 14 pts 10 pts 7 pts 4 pts         Net earnings $71  $146  $33  $148 Diluted earnings per share $1.12  $2.24  $0.52  $2.27          Shares to calculate diluted EPS  63.4   65.0   63.4   65.0 YoY change % (4)% (2)% (6)% (4)%         Operating cash flow $59  $168     Free cash flow     $59  $166          Totals and year-over-year changes may not reconcile due to rounding.  A detailed discussion of our non-GAAP financial measures and a reconciliation between GAAP and non-GAAP results is provided in the schedules to this press release.

Additional Business Highlights & Metrics

We announced the launch of new AI capabilities to help transform how marketers plan, execute, measure, and optimize campaigns agentically. We introduced agent-powered access to the LiveRamp platform, enabling specialized AI agents to autonomously collaborate with any partner, moving from manual, fragmented workflows to intelligent, governed execution that delivers better performance (link). We announced native support for NVIDIA AI infrastructure, upgrading our clean room architecture to handle the world’s most advanced and compute-intensive AI workloads. AI partners and brands can now securely and seamlessly train and deploy sophisticated models using LiveRamp clean rooms or via the LiveRamp Marketplace at up to 15x speed, without exposing data or model weights (link). We announced an expanded partnership with Unity, a leading game engine, to help marketers more effectively reach mobile users and generate better marketing returns. The partnership will make LiveRamp’s durable, interoperable identifier – RampID – available across Unity Exchange, enabling marketers, agencies, and platforms to apply identity-based buying strategies within Unity’s mobile ecosystem that includes 2.9 billion monthly active mobile devices (link).In March we hosted our annual customer and partner conference, RampUp, bringing together more than 2,300 leaders from across the digital advertising ecosystem. The event included more than 40 presentations and panels featuring some of our largest customers and partners, such as General Motors, JPMorgan Chase, Netflix, and Meta. Video replays of these sessions are available here. Also, we hosted an investor presentation that can be accessed here. On February 12, 2026 we announced an increase in our share repurchase authorization by $200 million and extended the expiration by one year to December 31, 2027. As of March 31, 2026, there was $262 million in remaining capacity under the authorization.On February 11, 2026 we appointed to our Board of Directors Kristi Argyilan, who currently serves as Global Head of Advertising at Uber. Widely recognized as the pioneer of retail media, Argyilan previously led the Albertsons Media Collective and championed the industry-wide move toward measurement standardization (link). LiveRamp ended the fiscal year with 133 customers whose annualized subscription revenue exceeds $1 million, compared to 128 in the prior year period. LiveRamp ended the fiscal year with 846 direct subscription customers, compared to 840 in the prior year period.Subscription net retention was 107% and platform net retention was 108%.Annualized recurring revenue (ARR), which is the last month of the quarter fixed subscription revenue annualized, was $545 million, up 8% compared to the prior year period. Current remaining performance obligations (CRPO), which is contracted and committed revenue expected to be recognized over the next 12 months, was $518 million, up 10% compared to the prior year period. Transaction with Publicis Groupe

In a separate press release issued today, LiveRamp announced that it has entered into a definitive agreement to be acquired by Publicis Groupe. Under the terms of the agreement, Publicis Groupe will acquire all of the outstanding shares of LiveRamp for $38.50 per share in an all-cash transaction for an equity value of $2.5 billion. This represents a premium of 30% to LiveRamp’s closing stock price on May 15, 2026, the last full trading day prior to the transaction announcement. The transaction is expected to close by the end of calendar 2026, subject to customary closing conditions, including approval by LiveRamp shareholders. The transaction press release is available on the LiveRamp investor relations website.

Given the announced transaction, LiveRamp will not host its previously scheduled earnings conference call or provide financial guidance in conjunction with this earnings release.

About LiveRamp

LiveRamp is a leading data collaboration technology company, empowering marketers and media owners to deliver and measure marketing performance everywhere it matters. LiveRamp’s data collaboration network seamlessly unites data across advertisers, ad tech platforms, publishers, data providers, and commerce media networks—unlocking insights that deliver transformational consumer experiences, and drive measurable business outcomes. As consumers embrace AI-powered experiences, the LiveRamp data collaboration network expands the breadth and accuracy of the data on which marketing AI capabilities operate. Our platform is engineered for AI agent accessibility, facilitating autonomous data collaboration between the specialized AI agents utilized by our customers and partners. Built on a foundation of strict neutrality, interoperability, and global scale, LiveRamp enables organizations to maximize the value of their data while accelerating business growth.

LiveRamp is headquartered in San Francisco, California, with offices worldwide. Learn more at LiveRamp.com.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning LiveRamp, Publicis, the proposed transaction and other matters. Forward-looking statements contained herein could include, among other things, statements regarding the anticipated timing of the consummation of the proposed transaction; statements about management’s confidence in and strategies for performance of the combined businesses; expectations for new and existing products, technologies and opportunities; and expectations regarding growth, sales, cash flows, and earnings. Forward-looking statements can be identified by the use of such terms as “may,” “could,” “expect,” “anticipate,” “intend,” “believe,” “likely,” “estimate,” “outlook,” “plan,” “contemplate,” “project,” “target” or other comparable terms. These forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the control of LiveRamp or Publicis. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication including, but not limited to: economic uncertainties that could impact LiveRamp or LiveRamp’s suppliers, customers and partners, geopolitical circumstances, including risk related to tariffs and other trade restrictions, the possibility of a recession, general inflationary pressure and high interest rates; the ability and willingness of LiveRamp’s customers to renew their agreements with LiveRamp upon their expiration; LiveRamp’s ability to add new customers and upsell within LiveRamp’s subscription business; LiveRamp’s reliance upon partners, including data suppliers, who may withdraw or withhold data from LiveRamp; increased competition and rapidly changing technology that could impact LiveRamp’s products and services; LiveRamp’s ability to keep up with rapidly changing technology practices in LiveRamp’s products and services or that expected benefits from utilization of technological innovations (including AI) may not be realized as soon as expected or at all; the risk that LiveRamp fails to realize the potential benefits of or have difficulty integrating acquired businesses; and LiveRamp’s inability to attract, motivate and retain talent. Additional risks include maintaining LiveRamp’s culture and LiveRamp’s ability to innovate and evolve while operating in a hybrid work environment, with some employees working remotely at least some of the time within a rapidly changing industry, while also avoiding disruption from reductions in LiveRamp’s current workforce as well as disruptions resulting from acquisition, divestiture and other activities affecting LiveRamp’s workforce. LiveRamp’s global workforce strategy could possibly encounter difficulty and not be as beneficial as planned. LiveRamp’s international operations are also subject to risks, including the performance of third parties as well as impacts from war and civil unrest, that may harm LiveRamp’s business. The risk of a significant breach of the confidentiality of the information or the security of LiveRamp’s or LiveRamp’s customers’, suppliers’, or other partners’ data and/or computer systems, or the risk that LiveRamp’s current insurance coverage may not be adequate for such a breach, that an insurer might deny coverage for a claim or that such insurance will continue to be available to LiveRamp on commercially reasonable terms, or at all, could be detrimental to LiveRamp’s business, reputation and results of operations. Other business risks include unfavorable publicity and negative public perception about LiveRamp’s industry; interruptions or delays in service from data center or cloud hosting vendors LiveRamp relies upon; and LiveRamp’s dependence on the continued availability of third-party data hosting and transmission services. LiveRamp’s clients’ ability to use data on LiveRamp’s platform could be restricted if the industry’s use of third-party cookies and tracking technology declines due to technology platform changes, regulation or increased user controls. Continued changes in the judicial, legislative, regulatory, accounting, cultural and consumer environments affecting LiveRamp’s business, including but not limited to litigation, investigations, legislation, regulations and customs at the state, federal and international levels relating to information collection and use represents a risk, as well as changes in tax laws and regulations that are applied to LiveRamp’s customers which could cause enterprise software budget tightening. In addition, third parties may claim that LiveRamp is infringing their intellectual property or may infringe LiveRamp’s intellectual property which could result in competitive injury and / or the incurrence of significant costs and draining of LiveRamp’s resources. Factors that could cause actual future events to differ materially from the forward looking-statements in this communication in regard to the proposed transaction concerning LiveRamp and Publicis include, but are not limited to: (1) failure of the closing conditions in the merger agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change, or other circumstance that could give rise to the right of one or multiple of the parties to terminate the definitive agreement between Publicis and LiveRamp; (2) the possibility that the transaction does not close when expected or at all because required regulatory, shareholder, or other approvals are not received or satisfied on a timely basis or at all; (3) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, including those resulting from the announcement, pendency or completion of the transaction; (4) risks that the new businesses will not be integrated successfully or that the combined companies will not realize estimated cost savings, value of certain tax assets, synergies and growth or that such benefits may take longer to realize than expected; (5) failure to realize anticipated benefits of the combined operations; (6) risks relating to unanticipated costs of integration; (7) ability to hire and retain key personnel; (8) ability to successfully integrate the companies’ businesses; (9) the potential impact of announcement or consummation of the proposed transactions on relationships with third parties, including clients, employees and competitors, including reputational risk; (10) ability to attract new clients and retain existing clients in the manner anticipated; (11) reliance on and integration of information technology systems; (12) suffering reduced profits or losses as a result of intense competition; or (13) potential litigation that may be instituted against LiveRamp or its directors or officers related to the proposed transaction or the merger agreement. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the parties’ businesses, including those described in LiveRamp’s Annual Report on Form 10-K for the year ended March 31, 2025, in Part I “Cautionary Statements Relevant to Forward-Looking Information” and Part I, Item 1A, “Risk Factors,” as updated by subsequent Quarterly Reports on Form 10-Q, which are filed with the Securities and Exchange Commission (the “SEC”) and those described in documents Publicis has filed with the Autorité des Marchés Financiers (the French securities regulator). The parties do not undertake, nor do they have, any obligation to provide updates or to revise any forward-looking statements.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable regulations.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction, LiveRamp Holdings, Inc. will be filing documents with the SEC, including preliminary and definitive proxy statements relating to the proposed transaction (the “proxy statement”). The definitive proxy statement will be mailed to LiveRamp’s shareholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PRELIMINARY AND DEFINITIVE PROXY STATEMENTS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Any vote in respect of resolutions to be proposed at LiveRamp’s shareholder meeting to approve the proposed transaction should be made only on the basis of the information contained in LiveRamp’s proxy statement and documents incorporated by reference therein. Investors and security holders may obtain free copies of these documents (when they are available) and other related documents filed with the SEC at the SEC’s website at www.sec.gov or on LiveRamp’s website at www.liveramp.com.

PARTICIPANTS IN THE SOLICITATION

Publicis, LiveRamp and their respective directors and certain of their respective executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of LiveRamp in respect of the proposed transactions contemplated by the proxy statement. Information regarding the persons who are, under the rules of the SEC, participants in the solicitation of the shareholders of LiveRamp in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement when it is filed with the SEC. Information about the directors and executive officers of LiveRamp and their ownership of shares of LiveRamp common stock and other securities of LiveRamp can be found in the sections entitled “Nominees and Continuing Directors,” “Stock Ownership,” “Compensation Discussion and Analysis,” “Compensation Tables,” and “Non-Employee Director Compensation” included in LiveRamp’s proxy statement in connection with its 2025 Annual Meeting of Shareholders, filed with the SEC on June 27, 2025; in the Form 3 and Form 4 initial statements of beneficial ownership and statements of changes in beneficial ownership filed with the SEC by LiveRamp’s directors and executive officers; and in other documents subsequently filed by LiveRamp with the SEC, including LiveRamp’s proxy statement relating to the proposed transaction when it becomes available. Investors and security holders may obtain free copies of these documents and other related documents filed with the SEC at the SEC’s website at www.sec.gov or on LiveRamp’s website at www.liveramp.com.

The financial information set forth in this press release reflects estimates based on information available at this time.

LiveRamp assumes no obligation and does not currently intend to update these forward-looking statements.

To automatically receive LiveRamp financial news by email, please visit www.LiveRamp.com and subscribe to email alerts.

For more information, contact:
LiveRamp Investor Relations
[email protected]

LiveRampⓇ and RampID™ and all other LiveRamp marks contained herein are trademarks or service marks of LiveRamp, Inc. All other marks are the property of their respective owners.

LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands, except per share amounts)          For the three months ended March 31,      $%  2026 2025 VarianceVariance        Revenues 206,092  188,724  17,368 9.2%Cost of revenue 60,548  57,929  2,619 4.5%Gross profit 145,544  130,795  14,749 11.3%% Gross margin 70.6% 69.3%           Operating expenses       Research and development 37,756  45,926  (8,170)(17.8)%Sales and marketing 56,192  56,961  (769)(1.4)%General and administrative 32,988  32,175  813 2.5%Gains, losses and other items, net 3,315  7,241  (3,926)(54.2)%Total operating expenses 130,251  142,303  (12,052)(8.5)%        Income (loss) from operations 15,293  (11,508) 26,801 N/A% Margin 7.4% (6.1)%           Total other income, net 3,967  4,762  (795)(16.7)%Income (loss) from continuing operations before income taxes 19,260  (6,746) 26,006 N/AIncome tax benefit (50,476) (479) (49,997)(10,437.8)%Net earnings (loss) from continuing operations 69,736  (6,267) 76,003 N/A        Earnings from discontinued operations, net of tax 1,176  —  1,176 N/A        Net earnings (loss) 70,912  (6,267) 77,179 1,231.5%        Basic earnings (loss) per share:       Continuing operations 1.12  (0.10) 1.21 N/ADiscontinued operations 0.02  —  0.02 N/ABasic earnings (loss) per share 1.14  (0.10) 1.23 N/A        Diluted earnings (loss) per share:       Continuing operations 1.10  (0.10) 1.20 N/ADiscontinued operations 0.02  —  0.02 N/ADiluted earnings (loss) per share 1.12  (0.10) 1.21 N/A        Basic weighted average shares 62,382  65,957    Diluted weighted average shares 63,382  65,957            Some totals may not sum due to rounding.                LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands, except per share amounts)          For the twelve months ended March 31,      $%  2026 2025 VarianceVariance        Revenues 812,940  745,580  67,360 9.0%Cost of revenue 238,117  215,910  22,207 10.3%Gross profit 574,823  529,670  45,153 8.5%% Gross margin 70.7% 71.0%           Operating expenses       Research and development 148,139  176,668  (28,529)(16.1)%Sales and marketing 205,647  213,106  (7,459)(3.5)%General and administrative 132,581  126,499  6,082 4.8%Gains, losses and other items, net 4,990  7,993  (3,003)(37.6)%Total operating expenses 491,357  524,266  (32,909)(6.3)%        Income from operations 83,466  5,404  78,062 1,444.5%% Margin 10.3% 0.7%           Total other income, net 14,598  17,436  (2,838)(16.3)%Income from continuing operations before income taxes 98,064  22,840  75,224 329.4%Income tax expense (benefit) (46,712) 25,342  (72,054)N/ANet earnings (loss) from continuing operations 144,776  (2,502) 147,278 N/A        Earnings from discontinued operations, net of tax 1,176  1,688  (512)(30.3)%        Net earnings (loss) 145,952  (814) 146,766 18,030.2%        Basic earnings (loss) per share:       Continuing operations 2.26  (0.04) 2.30 N/ADiscontinued operations 0.02  0.03  (0.01)(28.1)%Basic earnings (loss) per share 2.28  (0.01) 2.29 N/A        Diluted earnings (loss) per share:       Continuing operations 2.23  (0.04) 2.26 N/ADiscontinued operations 0.02  0.03  (0.01)(29.2)%Diluted earnings (loss) per share 2.24  (0.01) 2.26 N/A        Basic weighted average shares 64,105  66,126    Diluted weighted average shares 65,045  66,126            Some totals may not sum due to rounding.                LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP EPS (1)(Unaudited)(Dollars in thousands, except per share amounts)           For the three months ended March 31, For the twelve months ended March 31,  2026 2025 2026 2025         Income (loss) from continuing operations before income taxes 19,260  (6,746) 98,064  22,840 Income tax expense (benefit) (50,476) (479) (46,712) 25,342 Net earnings (loss) from continuing operations 69,736  (6,267) 144,776  (2,502)Earnings from discontinued operations, net of tax 1,176  —  1,176  1,688 Net earnings (loss) 70,912  (6,267) 145,952  (814)         Basic earnings (loss) per share 1.14  (0.10) 2.28  (0.01)Diluted earnings (loss) per share 1.12  (0.10) 2.24  (0.01)         Excluded items:        Purchased intangible asset amortization (cost of revenue) 2,750  3,135  11,000  14,415 Non-cash stock compensation (cost of revenue and operating expenses) 18,930  24,166  82,988  107,979 Restructuring and merger charges (gains, losses, and other) 3,315  7,241  4,990  7,993 Total excluded items from continuing operations 24,995  34,542  98,978  130,387          Income from continuing operations before income taxes and excluding items 44,255  27,796  197,042  153,227 Income tax expense (2) 11,064  7,759  49,261  38,296 Non-GAAP net earnings from continuing operations 33,191  20,037  147,781  114,931          Non-GAAP earnings per share from continuing operations        Basic 0.53  0.30  2.31  1.74 Diluted 0.52  0.30  2.27  1.70          Basic weighted average shares 62,382  65,957  64,105  66,126 Diluted weighted average shares 63,382  67,479  65,045  67,499          (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.         (2) Non-GAAP income taxes were calculated by applying the estimated annual effective tax rate to year-to-date pretax income. The differences between our GAAP and non-GAAP effective tax rates were primarily due to the net tax effects of the excluded items, coupled with the valuation allowance and smaller pre-tax income for GAAP purposes.  LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP INCOME FROM OPERATIONS (1)(Unaudited)(Dollars in thousands)           For the three months ended March 31, For the twelve months ended March 31,  2026 2025 2026 2025         Income (loss) from operations 15,293  (11,508) 83,466  5,404 Operating income (loss) margin 7.4% (6.1)% 10.3% 0.7%         Excluded items:        Purchased intangible asset amortization (cost of revenue) 2,750  3,135  11,000  14,415 Non-cash stock compensation (cost of revenue and operating expenses) 18,930  24,166  82,988  107,979 Restructuring and merger charges (gains, losses, and other) 3,315  7,241  4,990  7,993 Total excluded items 24,995  34,542  98,978  130,387          Income from operations before excluded items 40,288  23,034  182,444  135,791 Non-GAAP operating income margin 19.5% 12.2% 22.4% 18.2%         (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.  LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESRECONCILIATION OF ADJUSTED EBITDA (1)(Unaudited)(Dollars in thousands)           For the three months ended March 31, For the twelve months ended March 31,  2026 2025 2026 2025         Net earnings (loss) from continuing operations 69,736  (6,267) 144,776  (2,502)Income tax expense (benefit) (50,476) (479) (46,712) 25,342 Total other income, net (3,967) (4,762) (14,598) (17,436)         Income (loss) from operations 15,293  (11,508) 83,466  5,404 Depreciation and amortization 3,320  3,803  13,399  17,207          EBITDA 18,613  (7,705) 96,865  22,611          Other adjustments:        Non-cash stock compensation (cost of revenue and operating expenses) 18,930  24,166  82,988  107,979 Restructuring and merger charges (gains, losses, and other) 3,315  7,241  4,990  7,993          Other adjustments 22,245  31,407  87,978  115,972          Adjusted EBITDA 40,858  23,702  184,843  138,583                   (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.  LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Dollars in thousands)          March 31, March 31, $%  2026 2025 VarianceVarianceAssets       Current assets:       Cash and cash equivalents 379,547  413,331  (33,784)(8.2)%Restricted cash —  595  (595)(100.0)%Short-term investments 7,500  7,500  — —%Trade accounts receivable, net 212,977  186,169  26,808 14.4%Refundable income taxes, net 10,243  9,708  535 5.5%Other current assets 42,874  38,886  3,988 10.3%Total current assets 653,141  656,189  (3,048)(0.5)%        Property and equipment 23,396  23,813  (417)(1.8)%Less - accumulated depreciation and amortization 18,246  17,629  617 3.5%Property and equipment, net 5,150  6,184  (1,034)(16.7)%        Intangible assets, net 9,167  20,167  (11,000)(54.5)%Goodwill 502,067  501,756  311 0.1%Deferred commissions, net 40,727  44,452  (3,725)(8.4)%Deferred income taxes 57,873  1,982  55,891 2,819.9%Other assets, net 26,052  28,641  (2,589)(9.0)%  1,294,177  1,259,371  34,806 2.8%        Liabilities and Stockholders' Equity       Current liabilities:       Trade accounts payable 129,730  112,271  17,459 15.6%Accrued payroll and related expenses 55,063  50,776  4,287 8.4%Other accrued expenses 40,280  38,586  1,694 4.4%Deferred revenue 39,714  45,885  (6,171)(13.4)%Total current liabilities 264,787  247,518  17,269 7.0%        Other liabilities 57,411  62,994  (5,583)(8.9)%        Stockholders' equity:       Preferred stock —  —  — n/aCommon stock 16,183  15,918  265 1.7%Additional paid-in capital 2,129,554  2,045,316  84,238 4.1%Retained earnings 1,459,310  1,313,358  145,952 11.1%Accumulated other comprehensive income 5,640  4,295  1,345 31.3%Treasury stock, at cost (2,638,708) (2,430,028) (208,680)8.6%Total stockholders' equity 971,979  948,859  23,120 2.4%  1,294,177  1,259,371  34,806 2.8%             LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(Dollars in thousands)  For the three months ended March 31,  2026 2025Cash flows from operating activities:    Net earnings (loss) 70,912  (6,267)Earnings from discontinued operations, net of tax (1,176) — Non-cash operating activities:    Depreciation and amortization 3,320  3,803 Loss on disposal or impairment of assets 8  44 Lease-related impairment and restructuring charges —  (28)Gain on sale of strategic investments (112) (515)Loss on marketable equity securities 124  206 Provision for doubtful accounts 696  (453)Deferred income taxes (56,385) (496)Non-cash stock compensation expense 18,930  24,166 Changes in operating assets and liabilities:    Accounts receivable, net 4,909  25,187 Deferred commissions (492) 46 Other assets 4,314  4,703 Accounts payable and other liabilities 15,915  11,738 Income taxes 4,142  (523)Deferred revenue (6,203) 969 Net cash provided by operating activities 58,902  62,580 Cash flows from investing activities:    Capital expenditures (289) (293)Proceeds from sale of strategic investment 112  763 Net cash provided by (used in) investing activities (177) 470 Cash flows from financing activities:    Proceeds related to the issuance of common stock under stock and employee benefit plans 103  202 Shares repurchased for tax withholdings upon vesting of stock-based awards (570) (1,026)Acquisition of treasury stock (75,604) (25,447)Net cash used in financing activities (76,071) (26,271)Net cash provided by (used in) continuing operations (17,346) 36,779 Cash flows from discontinued operations:    From operating activities 1,176  (798)Net cash provided by (used in) discontinued operations 1,176  (798)Net cash provided by (used in) continuing and discontinued operations (16,170) 35,981 Effect of exchange rate changes on cash (171) 580      Net change in cash, cash equivalents and restricted cash (16,341) 36,561 Cash, cash equivalents and restricted cash at beginning of period 395,888  377,365 Cash, cash equivalents and restricted cash at end of period 379,547  413,926      Supplemental cash flow information:    Cash paid for income taxes, net 1,642  558 Cash received for income taxes, net from discontinued operations (1,863) — Cash received for tenant improvement allowances —  (870)Cash paid for operating lease liabilities 2,492  2,426 Operating lease assets obtained in exchange for operating lease liabilities 426  — Operating lease assets, and related lease liabilities, relinquished in lease terminations —  (40)Purchases of property, plant and equipment remaining unpaid at period end 44  20 Marketable equity securities obtained in disposition of strategic investment —  652 Excise tax payable on net stock repurchases 690  64         LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(Dollars in thousands)  For the twelve months ended March 31,  2026 2025Cash flows from operating activities:    Net earnings (loss) 145,952  (814)Earnings from discontinued operations, net of tax (1,176) (1,688)Non-cash operating activities:    Depreciation and amortization 13,399  17,207 Loss on disposal or impairment of assets 148  85 Lease-related impairment and restructuring charges 617  14 Gain on sale of strategic investments (159) (515)Loss on marketable equity securities 260  206 Provision for doubtful accounts 1,991  695 Deferred income taxes (56,272) (447)Non-cash stock compensation expense 82,988  107,979 Changes in operating assets and liabilities:    Accounts receivable, net (28,345) 3,547 Deferred commissions 3,725  3,691 Other assets 2,477  2,105 Accounts payable and other liabilities 3,023  3,573 Income taxes 5,437  3,430 Deferred revenue (6,310) 14,897 Net cash provided by operating activities 167,755  153,965 Cash flows from investing activities:    Capital expenditures (1,376) (1,042)Cash paid in acquisitions, net of cash received (595) (1,951)Purchases of investments —  (1,967)Proceeds from sales of investments —  26,989 Proceeds from sale of strategic investment 359  763 Purchases of strategic investments (3,320) (1,400)Net cash provided by (used in) investing activities (4,932) 21,392 Cash flows from financing activities:    Proceeds related to the issuance of common stock under stock and employee benefit plans 8,207  8,833 Shares repurchased for tax withholdings upon vesting of stock-based awards (13,017) (10,331)Acquisition of treasury stock (194,534) (101,198)Net cash used in financing activities (199,344) (102,696)Net cash provided by (used in) continuing operations (36,521) 72,661 Cash flows from discontinued operations:    From operating activities 1,176  1,688 Net cash provided by discontinued operations 1,176  1,688 Net cash provided by (used in) continuing and discontinued operations (35,345) 74,349 Effect of exchange rate changes on cash 966  106      Net change in cash, cash equivalents and restricted cash (34,379) 74,455 Cash, cash equivalents and restricted cash at beginning of period 413,926  339,471 Cash, cash equivalents and restricted cash at end of period 379,547  413,926      Supplemental cash flow information:    Cash paid for income taxes, net from continuing operations 3,963  22,548 Cash received for income taxes, net from discontinued operations (1,863) (2,486)Cash received for tenant improvement allowances —  (2,628)Cash paid for operating lease liabilities 9,963  9,798 Operating lease assets obtained in exchange for operating lease liabilities 1,173  2,327 Operating lease assets, and related lease liabilities, relinquished in lease terminations —  (595)Purchases of property, plant and equipment remaining unpaid at period end 44  20 Marketable equity securities obtained in disposition of strategic investment —  652 Excise tax payable on net stock repurchases 1,257  128         LIVERAMP HOLDINGS, INC AND SUBSIDIARIESCALCULATION OF FREE CASH FLOW (1)(Unaudited)(Dollars in thousands)                               6/30/20249/30/202412/31/20243/31/2025FY2025 6/30/20259/30/202512/31/20253/31/2026FY2026              Net cash provided by (used in) operating activities $(9,328)$55,596 $45,117 $62,580 $153,965  $(15,821)$57,408 $67,266 $58,902 $167,755               Less:             Capital expenditures  (226) (241) (282) (293) (1,042)  (336) (589) (162) (289) (1,376)              Free Cash Flow $(9,554)$55,355 $44,835 $62,287 $152,923  $(16,157)$56,819 $67,104 $58,613 $166,379                             (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.  LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(Dollars in thousands, except per share amounts)              Yr-to-Yr  FY2025 FY2026 FY2026 to FY2025  6/30/20249/30/202412/31/20243/31/2025FY2025 6/30/20259/30/202512/31/20253/31/2026FY2026 %$                Revenues  175,961  185,483  195,412  188,724  745,580   194,822  199,829  212,197  206,092  812,940  9.0%67,360 Cost of revenue  51,749  51,234  54,998  57,929  215,910   58,319  59,594  59,656  60,548  238,117  10.3%22,207 Gross profit  124,212  134,249  140,414  130,795  529,670   136,503  140,235  152,541  145,544  574,823  8.5%45,153 % Gross margin  70.6% 72.4% 71.9% 69.3% 71.0%  70.1% 70.2% 71.9% 70.6% 70.7%                   Operating expenses               Research and development  44,118  43,889  42,735  45,926  176,668   39,608  36,952  33,823  37,756  148,139  (16.1)%(28,529)Sales and marketing  54,175  51,107  50,863  56,961  213,106   51,906  48,685  48,864  56,192  205,647  (3.5)%(7,459)General and administrative  30,961  31,369  31,994  32,175  126,499   37,345  33,170  29,078  32,988  132,581  4.8%6,082 Gains, losses and other items, net  206  397  149  7,241  7,993   423  —  1,252  3,315  4,990  (37.6)%(3,003)Total operating expenses  129,460  126,762  125,741  142,303  524,266   129,282  118,807  113,017  130,251  491,357  (6.3)%(32,909)                Income (loss) from operations  (5,248) 7,487  14,673  (11,508) 5,404   7,221  21,428  39,524  15,293  83,466  1,444.5%78,062 % Margin (3.0)% 4.0% 7.5%(6.1)% 0.7%  3.7% 10.7% 18.6% 7.4% 10.3%                   Total other income, net  4,444  4,197  4,033  4,762  17,436   3,709  3,544  3,378  3,967  14,598  (16.3)%(2,838)                Income (loss) from continuing operations before income taxes  (804) 11,684  18,706  (6,746) 22,840   10,930  24,972  42,902  19,260  98,064  329.4%75,224 Income tax expense (benefit)  6,685  9,952  9,184  (479) 25,342   3,183  (2,448) 3,029  (50,476) (46,712) N/A(72,054)Net earnings (loss) from continuing operations  (7,489) 1,732  9,522  (6,267) (2,502)  7,747  27,420  39,873  69,736  144,776  N/A147,278                 Earnings from discontinued operations, net of tax  —  —  1,688  —  1,688   —  —  —  1,176  1,176  (30.3)%(512)                Net earnings (loss) $(7,489)$1,732 $11,210 $(6,267)$(814) $7,747 $27,420 $39,873 $70,912 $145,952  N/A146,766                 Basic earnings (loss) per share:               Continuing Operations  (0.11) 0.03  0.15  (0.10) (0.04)  0.12  0.42  0.63  1.12  2.26  N/A2.30 Discontinued Operations  0.00  0.00  0.03  0.00  0.03   0.00  0.00  0.00  0.02  0.02  (28.1)%(0.01)Basic earnings (loss) per share  (0.11) 0.03  0.17  (0.10) (0.01)  0.12  0.42  0.63  1.14  2.28  N/A2.29                 Diluted earnings (loss) per share:               Continuing Operations  (0.11) 0.03  0.14  (0.10) (0.04)  0.12  0.42  0.62  1.10  2.23  N/A2.26 Discontinued Operations  0.00  0.00  0.03  0.00  0.03   0.00  0.00  0.00  0.02  0.02  (29.2)%(0.01)Diluted earnings (loss) per share  (0.11) 0.03  0.17  (0.10) (0.01)  0.12  0.42  0.62  1.12  2.24  N/A2.26                                 Basic weighted average shares  66,621  66,294  65,631  65,957  66,126   65,448  65,074  63,517  62,382  64,105    Diluted weighted average shares  66,621  67,309  66,743  65,957  66,126   66,731  65,781  64,285  63,382  65,045                    Some earnings (loss) per share amounts may not add due to rounding.                      LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP EXPENSES (1)(Unaudited)(Dollars in thousands)  FY2025 FY2026  6/30/20249/30/202412/31/20243/31/2025FY2025 6/30/20259/30/202512/31/20253/31/2026FY2026Expenses:            Cost of revenue $51,749 $51,234 $54,998 $57,929 $215,910  58,319 59,594 59,656 60,548 238,117 Research and development  44,118  43,889  42,735  45,926  176,668  39,608 36,952 33,823 37,756 148,139 Sales and marketing  54,175  51,107  50,863  56,961  213,106  51,906 48,685 48,864 56,192 205,647 General and administrative  30,961  31,369  31,994  32,175  126,499  37,345 33,170 29,078 32,988 132,581 Gains, losses and other items, net  206  397  149  7,241  7,993  423 — 1,252 3,315 4,990              Gross profit, continuing operations:  124,212  134,249  140,414  130,795  529,670  136,503 140,235 152,541 145,544 574,823 % Gross margin  70.6% 72.4% 71.9% 69.3% 71.0% 70.1%70.2%71.9%70.6%70.7%             Excluded items:            Purchased intangible asset amortization (cost of revenue)  3,846  3,748  3,686  3,135  14,415  2,750 2,750 2,750 2,750 11,000 Non-cash stock compensation (cost of revenue)  1,596  1,499  1,455  1,615  6,165  1,541 1,452 1,033 891 4,917 Non-cash stock compensation (research and development)  10,205  10,920  10,085  10,494  41,704  8,332 6,503 5,634 5,093 25,562 Non-cash stock compensation (sales and marketing)  7,093  7,383  7,278  5,716  27,470  6,014 5,469 5,018 6,419 22,920 Non-cash stock compensation (general and administrative)  9,091  9,266  7,942  6,341  32,640  9,523 7,093 6,446 6,527 29,589 Restructuring charges (gains, losses, and other)  206  397  149  7,241  7,993  423 — 1,252 3,315 4,990 Total excluded items  32,037  33,213  30,595  34,542  130,387  28,583 23,267 22,133 24,995 98,978              Expenses, excluding items:            Cost of revenue  46,307  45,987  49,857  53,179  195,330  54,028 55,392 55,873 56,907 222,200 Research and development  33,913  32,969  32,650  35,432  134,964  31,276 30,449 28,189 32,663 122,577 Sales and marketing  47,082  43,724  43,585  51,245  185,636  45,892 43,216 43,846 49,773 182,727 General and administrative  21,870  22,103  24,052  25,834  93,859  27,822 26,077 22,632 26,461 102,992              Gross profit, excluding items: $129,654 $139,496 $145,555 $135,545 $550,250  140,794 144,437 156,324 149,185 590,740 % Gross margin  73.7% 75.2% 74.5% 71.8% 73.8% 72.3%72.3%73.7%72.4%72.7%             (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.              LIVERAMP HOLDINGS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP EPS (1)(Unaudited)(Dollars in thousands, except per share amounts)  FY2025 FY2026  6/30/20249/30/202412/31/20243/31/2025FY2025 6/30/20259/30/202512/31/20253/31/2026FY2026             Income (loss) from continuing operations before income taxes (804)11,68418,706(6,746)22,840  10,93024,972 42,90219,260 98,064 Income tax expense (benefit) 6,685 9,9529,184(479)25,342  3,183(2,448)3,029(50,476)(46,712)Net earnings (loss) from continuing operations (7,489)1,7329,522(6,267)(2,502) 7,74727,420 39,87369,736 144,776              Earnings from discontinued operations, net of tax — —1,688— 1,688  —— —1,176 1,176              Net earnings (loss) (7,489)1,73211,210(6,267)(814) 7,74727,420 39,87370,912 145,952              Earnings (loss) per share:            Basic (0.11)0.030.17(0.10)(0.01) 0.120.42 0.631.14 2.28 Diluted (0.11)0.030.17(0.10)(0.01) 0.120.42 0.621.12 2.24              Excluded items:            Purchased intangible asset amortization (cost of revenue) 3,846 3,7483,6863,135 14,415  2,7502,750 2,7502,750 11,000 Non-cash stock compensation (cost of revenue and operating expenses) 27,985 29,06826,76024,166 107,979  25,41020,517 18,13118,930 82,988 Restructuring and merger charges (gains, losses, and other) 206 3971497,241 7,993  423— 1,2523,315 4,990 Total excluded items from continuing operations 32,037 33,21330,59534,542 130,387  28,58323,267 22,13324,995 98,978              Income from continuing operations before income taxes and excluding items 31,233 44,89749,30127,796 153,227  39,51348,239 65,03544,255 197,042 Income tax expense 7,371 10,74512,4217,759 38,296  9,87812,060 16,25911,064 49,261 Non-GAAP net earnings from continuing operations 23,862 34,15236,88020,037 114,931  29,63536,179 48,77633,191 147,781              Non-GAAP earnings per share from continuing operations            Basic 0.36 0.520.560.30 1.74  0.450.56 0.770.53 2.31 Diluted 0.35 0.510.550.30 1.70  0.440.55 0.760.52 2.27              Basic weighted average shares 66,621 66,29465,63165,957 66,126  65,44865,074 63,51762,382 64,105 Diluted weighted average shares 68,463 67,30966,74367,479 67,499  66,73165,781 64,28563,382 65,045                           Some totals may not add due to rounding                         (1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures and the material limitations on the usefulness of these measures, please see Appendix A.  APPENDIX ALIVERAMP HOLDINGS, INC. AND SUBSIDIARIESQ4 FISCAL 2026 FINANCIAL RESULTSEXPLANATION OF NON-GAAP MEASURES AND OTHER KEY METRICS To supplement our financial results, we use non-GAAP measures which exclude certain acquisition related expenses, non-cash stock compensation and restructuring charges. We believe these measures are helpful in understanding our past performance and our future results. Our non-GAAP financial measures and schedules are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated GAAP financial statements. Our management regularly uses these non-GAAP financial measures internally to understand, manage and evaluate our business and to make operating decisions. These measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is also based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures, including non-GAAP earnings (loss) per share, non-GAAP income (loss) from operations, non-GAAP operating income (loss) margin, non-GAAP expenses and adjusted EBITDA reflect adjustments based on the following items, as well as the related income tax effects when applicable: Purchased intangible asset amortization: We incur amortization of purchased intangibles in connection with our acquisitions. Purchased intangibles include (i) developed technology, (ii) customer and publisher relationships, and (iii) trade names. We expect to amortize for accounting purposes the fair value of the purchased intangibles based on the pattern in which the economic benefits of the intangible assets will be consumed as revenue is generated. Although the intangible assets generate revenue for us, we exclude this item because this expense is non-cash in nature and because we believe the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding our operational performance. Non-cash stock compensation: Non-cash stock compensation consists of charges for employee restricted stock units, performance shares and stock options in accordance with current GAAP related to stock-based compensation including expense associated with stock-based compensation related to unvested options assumed in connection with our acquisitions. As we apply stock-based compensation standards, we believe that it is useful to investors to understand the impact of the application of these standards to our operational performance. Although stock-based compensation expense is calculated in accordance with current GAAP and constitutes an ongoing and recurring expense, such expense is excluded from non-GAAP results because it is not an expense that typically requires or will require cash settlement by us and because such expense is not used by us to assess the core profitability of our business operations. Restructuring charges: During the past several years, we have initiated certain restructuring activities in order to align our costs in connection with both our operating plans and our business strategies based on then-current economic conditions. As a result, we recognized costs related to termination benefits for employees whose positions were eliminated, lease and other contract termination charges, and asset impairments. These items, as well as third party expenses associated with business acquisitions in the prior years, reported as gains, losses, and other items, net, are excluded from non-GAAP results because such amounts are not used by us to assess the core profitability of our business operations. Transformation costs: In previous years, we incurred significant expenses to separate the financial statements of our operating segments, with particular focus on segment-level balance sheets, and to evaluate portfolio priorities. Our criteria for excluding transformation expenses from our non-GAAP measures is as follows: 1) projects are discrete in nature; 2) excluded expenses consist only of third-party consulting fees that we would not incur otherwise; and 3) we do not exclude employee related expenses or other costs associated with the ongoing operations of our business. We substantially completed those projects during the third quarter of fiscal year 2018. Beginning in the fourth quarter of fiscal 2018, and through most of fiscal 2019, we incurred transaction support expenses and system separation costs related to the Company's announced evaluation of strategic options for its Marketing Solutions (AMS) business. In the first and second quarters of fiscal 2021 in response to the potential COVID-19 pandemic impact on our business and again during fiscal 2023 in response to macroeconomic conditions, we incurred significant costs associated with the assessment of strategic and operating plans, including our long-term location strategy, and assistance in implementing the restructuring activities as a result of this assessment. Our criteria for excluding these costs are the same. We believe excluding these items from our non-GAAP financial measures is useful for investors and provides meaningful supplemental information. Our non-GAAP financial schedules are: Non-GAAP EPS, Non-GAAP Income from Operations, and Non-GAAP expenses: Our Non-GAAP earnings per share, Non-GAAP income from operations, Non-GAAP operating income margin, and Non-GAAP expenses reflect adjustments as described above, as well as the related tax effects where applicable. Adjusted EBITDA: Adjusted EBITDA is defined as net income from continuing operations before income taxes, other income and expenses, depreciation and amortization, and including adjustments as described above. We use Adjusted EBITDA to measure our performance from period to period both at the consolidated level as well as within our operating segments and to compare our results to those of our competitors. We believe that the inclusion of Adjusted EBITDA provides useful supplementary information to and facilitates analysis by investors in evaluating the Company's performance and trends. The presentation of Adjusted EBITDA is not meant to be considered in isolation or as an alternative to net earnings as an indicator of our performance. Free Cash Flow: To supplement our statement of cash flows, we use a non-GAAP measure of cash flow to analyze cash flows generated from operations. Free cash flow is defined as operating cash flow less capital expenditures. Management believes that this measure of cash flow is meaningful since it represents the amount of money available from continuing operations for the Company's discretionary spending. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to cash flows from operating activities as a measure of liquidity. 

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Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transaction may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of LiveRamp Holdings, Inc. (NYSE: RAMP) to Publicis Groupe for $38.50 per share.

Halper Sadeh encourages LiveRamp shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].

The investigation concerns whether LiveRamp and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for LiveRamp shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for LiveRamp shareholders to evaluate the transaction.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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The deal marks Publicis' biggest acquisition since 2019, and a departure from its habit of snapping up smaller businesses since then.

Publicis said data co-creation is integral in the age of artificial intelligence. (Dreamstime)

Shares of LiveRamp surged Monday after Publicis, a French advertising company, announced it was acquiring the data specialist for $2.2 billion as it looks to boost its competitive edge in the age of artificial intelligence.

Are D, RAMP, SACH, NEE Obtaining Fair Deals for their Shareholders? PR Newswire

NEW YORK, May 18, 2026

Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Dominion Energy, Inc. (NYSE: D)'s sale to NextEra Energy, Inc. for 0.8138 shares of NextEra for each share of Dominion. If you are a Dominion shareholder, click here to learn more about your legal rights and options.

LiveRamp Holdings, Inc. (NYSE: RAMP)'s sale to Publicis Groupe for $38.50 per share. If you are a LiveRamp shareholder, click here to learn more about your legal rights and options.

Sachem Capital Corp. (NYSE: SACH)'s merger with Industrial Realty Group. Upon closing of the proposed transaction, Sachem shareholders will own approximately 5.9% of the combined company. If you are a Sachem shareholder, click here to learn more about your rights and options.

NextEra Energy, Inc. (NYSE: NEE)'s merger with Dominion Energy, Inc. Upon closing of the proposed transaction, NextEra shareholders will own approximately 74.5% of the combined company. If you are a NextEra shareholder, click here to learn more about your rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/are-d-ramp-sach-nee-obtaining-fair-deals-for-their-shareholders-302774829.html

SOURCE Halper Sadeh LLP

Shares of LiveRamp (RAMP 0.11%) surged on Monday after the data collaboration platform agreed to be acquired by French marketing communications giant Publicis Groupe (PUBGY +1.56%).

Image source: Getty Images.

A compelling offer for LiveRamp's shareholders Under the terms of the deal, Publicis would buy LiveRamp for $38.50 per share in cash. That's a premium of nearly 30% to its closing stock price on Friday. The agreement values LiveRamp at roughly $2.2 billion.

The sale is projected to close by the end of the year, subject to regulatory and shareholder approval.

Today's Change

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Current Price

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37.58

Joining forces to build better agentic AI LiveRamp's platform enables its customers to integrate data from a variety of sources, including more than 25,000 publisher sites and 500 technology partners.

LiveRamp will bolster Publicis' data co-creation abilities -- the process of generating proprietary, higher-value data assets from disparate information that no single data provider could deliver on its own.

Publicis plans to use these capabilities to develop smarter AI agents by securely unifying fragmented data to reveal unique signal combinations and actionable insights.

Accretive to earnings Publicis expects the acquisition to boost its adjusted profits in the first year post-closing. It now sees earnings per share rising by 8% to 10% on a constant currency basis in 2027, up from a prior forecast of 7% to 9%.

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating LiveRamp Holdings, Inc. (NYSE: RAMP) related to its sale to Publicis Groupe. Under the terms of the proposed transaction, LiveRamp shareholders are expected to receive $38.50 per share in cash. Is it a fair deal?

Click here for more info https://monteverdelaw.com/case/liveramp-holdings-inc/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

Do you file class actions and go to Court?When was the last time you recovered money for shareholders?What cases did you recover money in and how much?
About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

Bala Cynwyd, Pennsylvania--(Newsfile Corp. - May 19, 2026) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of LiveRamp Holdings, Inc. ("LiveRamp" or the "Company") (NYSE: RAMP) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Publicis Groupe for a total enterprise value of $2.167 billion in an all-cash transaction, based on an acquisition price of $38.50 per share.

The investigation concerns whether the LiveRamp Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

If you own shares of LiveRamp stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at [email protected], visit https://www.brodskysmith.com/cases/liveramp-holdings-inc-nyse-ramp/, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298106

Source: Brodsky & Smith

NEW YORK, May 29, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating

LiveRamp Holdings, Inc. (NYSE: RAMP) related to its sale to Publicis Groupe. Under the terms of the proposed transaction, LiveRamp shareholders are expected to receive $38.50 per share in cash.
Click here for more information https://monteverdelaw.com/case/liveramp-holdings-inc/. It is free and there is no cost or obligation to you.

NextEra Energy, Inc. (NYSE: NEE) related to merger with Dominion Energy, Inc. Upon closing of the proposed transaction, NextEra shareholders will own approximately 74.5% of the combined company.
Click here for more information https://monteverdelaw.com/case/nextera-energy-inc/. It is free and there is no cost or obligation to you.

Dominion Energy, Inc. (NYSE: D) related to its sale to NextEra Energy, Inc. Under the terms of the proposed transaction, Dominion shareholders are expected to receive 0.8138 shares of NextEra for each share of Dominion.
Click here for more information https://monteverdelaw.com/case/dominion-energy-inc/. It is free and there is no cost or obligation to you.

InMed Pharmaceuticals, Inc. (NASDAQ: INM)  related to its merger with Mentari Therapeutics, Inc. Upon closing of the proposed transaction, InMed shareholders are expected to own approximately 1.51% of the combined company.
Click here for more info https://monteverdelaw.com/case/inmed-pharmaceuticals-inc/. It is free and there is no cost or obligation to you.

NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

Do you file class actions and go to Court?When was the last time you recovered money for shareholders?What cases did you recover money in and how much?
About Monteverde & Associates PC

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.