LiveRamp posts 20% revenue bump to $65m on subscription growth
Data platform LiveRamp has posted a healthy set of figures for the third quarter after total revenues jumped 20% year-on-year to reach $65m. Notably, subscription revenues leapt by 30%, generating 55m.
LiveRamp posts double digit revenue rise to $65m as subscriptions jump
Customer experience specialists LiveRamp provide a custom platform called IdentityLink capable of connecting brands to people, data and devices wherever they are.
Chief executive Scott Howe commented: “LiveRamp is the world’s largest open provider of identity for the customer experience economy. Looking ahead, we are focused on further extending and strengthening our network and delivering innovative solutions to our global customers.”
Its chief finance officer Warren Jenson added: “Today, LiveRamp will be hosting its first analyst and investor day at the New York Stock Exchange. Now that the sale of AMS is behind us, the collective energy of our team is one hundred per cent focused on LiveRamp and our opportunity.”
Looking ahead to 2019 LiveRamp expects to continue making gains, drawing revenue of as much as $285m, equivalent to an increase of 30% year-over-year.
These numbers were boosted by a one-one off cash payment of $2bn received courtesy of the sale of its Acxiom Marketing Solutions business.
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