LiveRamp Holdings, Inc. (NYSE:RAMP) Q2 2025 Earnings Conference Call November 6, 2024 4:30 PM ET

Company Participants

Drew Borst - Vice President of Investor Relations
Scott Howe - Chief Executive Officer
Lauren Dillard - Chief Financial Officer

Conference Call Participants

Jason Kreyer - Craig-Hallum
Josh Baer - Morgan Stanley
Alex Lavigne - The Benchmark Company
Aaron Flack - Susquehanna

Operator

Good afternoon, ladies and gentlemen. And welcome to LiveRamp's Fiscal 2025 Second Quarter Earnings Call. All lines have been placed on mute, to prevent any background noise. After this speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to your host, Drew Borst, Vice President of Investor Relations.

Drew Borst

Thank you, operator. Good afternoon, everyone and thank you for joining our fiscal 2025 second quarter earnings call. With me today are Scott Howe, our CEO; and Lauren Dillard, our CFO.

Today's press release and this call may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. For a detailed description of these risks, please read the Risk Factors section of our public filings and the press release. A copy of our press release and financial schedules including any reconciliations to non-GAAP financial measures, is available at investors.liveramp.com. Also, during the call today, we'll be referring to the slide deck that is also available on our Investor Relations website.

With that, I will turn the call over to Scott.

Scott Howe

Thank you Drew and thanks to everyone for joining our call.

There was a lot to like about our most recent quarter, whether it be top line growth, client progress or margin improvement. I'll start my remarks today by discussing our performance on these dimensions, which will be a fun conversation.

I'll then shift to the topic about, which many of you have been asking the current selling environment, provide some color and talk about why I'm optimistic about the long-term. Finally, I will discuss our ongoing progress toward becoming a Rule of 40 company, a steady journey of continuous improvement to, which we are fully committed.

Let's start by spending some time on Q2 results. There were strong. For the quarter, both revenue and operating income exceeded our expectations. Total revenue grew by 16%, our third consecutive quarter of double-digit growth. Subscription revenue grew by 14% and marketplace and other revenue increased by 23%. This marks the sixth straight quarter of at least 20% marketplace growth, reflecting both strong secular growth in digital advertising, as well as strong execution by our team.