LiveRamp Holdings, Inc. Q3 2026 Earnings Recap

LiveRamp Holdings, Inc. reported a robust performance in Q3 FY 2026, with revenue growing by 9% and record operating margins, underscoring its durability and scalability while leveraging AI as a growth catalyst.

Key Takeaways

• Revenue growth of 9% included a four-point acceleration in subscription revenue.
• Annual recurring revenue (ARR) increased by $11 million quarter over quarter and 7% year over year, driven by commerce media and CTV use cases.
• Signed multiple upsell deals with major clients, contributing to a record high of 140 million-dollar-plus customers.
• Achieved record quarterly operating margins and free cash flow, primarily used for share repurchases.
• AI is positioned as a significant tailwind for LiveRamp, enhancing data usage and revenue without proportional cost increases.