LiveRamp Shows Signs of Stability Despite Pullbacks From Struggling Customers

The company made $4 million in concessions for hard-hit clients looking to save money

LiveRamp, which positions itself as the software company of choice for programmatic media trading, is confident it will weather the current economic storm, but it’s also readying for the fallout by increasing its bad debt facility.

Despite the hardships companies in the media and advertising space are facing during the coronavirus pandemic, LiveRamp met its earnings projections for its 2020 fiscal year, which ended March 31. The company today reported full-year revenues of $381 million and fourth-quarter earnings of $106 million, which represent 33% and 35% year-over-year growth, respectively.

However,

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