LiveRamp Reports Strong Q1 Earnings Amid Pending Acquisition by Publicis
LiveRamp (NYSE: RAMP) reported strong first-quarter fiscal 2027 results, with revenue rising to $214 million and operating income more than doubling. GAAP operating income reached $20 million compared to $7 million a year earlier, while non-GAAP operating income rose by 41% to $50 million. The company also saw diluted earnings per share double on a GAAP basis and positive cash flow generation of $17 million. LiveRamp is expanding its role in AI advertising through new partnerships with OpenAI, Databricks, Adobe, and DoorDash. Despite these developments, the pending acquisition by Publicis Groupe at $38.50 per share remains fixed for shareholders, limiting upside potential from performance improvements. The deal still requires a shareholder vote on August 17 before it can close. Investor sentiment is mixed: hedge fund ownership increased to 35 funds while short interest stands at 9.59% of float, reflecting uncertainty about the likelihood and timing of the acquisition's completion.
Tickers: $RAMP
Topics: AI integration M&A profitability