LiveRamp Increases Share Repurchase Authorization and Extends Program to December 31, 2026
14 Août 2024 - 10:15PM
LiveRamp® (NYSE: RAMP), the leading data collaboration platform,
today announced that its Board of Directors increased the Company’s
share repurchase authorization by $200 million to $1.3 billion and
extended the expiration by two years to December 31, 2026.
Fiscal year-to-date the Company has repurchased
$35 million in stock, including $19 million repurchased during the
ongoing fiscal second quarter through August 14, 2024. With this
program expansion, the Company has approximately $322 million
currently available for share repurchases through the end of
calendar 2026.
Commenting on the announcement, CEO Scott Howe
said, “We have a long history of returning capital to shareholders
through our share repurchase program. At the current share price,
we think accelerating our share repurchase program represents a
particularly attractive investment. Between our current cash
balance and the free cash flow we expect to generate this fiscal
year, we have ample financial resources to take advantage of the
recent share price dislocation.”
The timing and amounts of any purchases will be
based on market conditions and other factors, including price and
capital availability. The Company reserves the right to modify or
terminate this program and authorization at any time.
About LiveRampLiveRamp is a
global technology company that helps companies build enduring brand
and business value by collaborating responsibly with data. A
groundbreaking leader in consumer privacy, data ethics and
foundational identity, LiveRamp offers a connected customer view
with clarity and context while protecting brand and consumer trust.
Our best-in-class enterprise platform enables data collaboration,
where companies can share first-party consumer data with trusted
business partners securely and in a privacy conscious manner. We
offer flexibility to collaborate wherever data lives to support a
wide range of data collaboration use cases — within organizations,
between brands, and across our global network of premier partners.
Global innovators, from iconic consumer brands and tech platforms
to retailers, financial services, and healthcare leaders, turn to
LiveRamp to deepen customer engagement and loyalty, activate new
partnerships, and maximize the value of their first-party data
while staying on the forefront of rapidly evolving compliance and
privacy requirements. LiveRamp is based in San Francisco,
California with offices worldwide. Learn more at LiveRamp.com.
Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, as
amended, including statements regarding how and when the Company
may execute repurchases. These statements, which are not statements
of historical fact, are based on management’s current estimates,
assumptions, projections and/or expectations and are subject to
certain risks, uncertainties and other factors, some of which are
beyond the Company’s control and are difficult to predict,
including, but not limited to, potential changes in the market
price of the Company’s common stock and changes in the Company’s
operating results, financial condition and cash requirements. These
forward-looking statements are not guarantees of future performance
and are subject to a number of factors and uncertainties that could
cause the Company’s actual results and experiences to differ
materially from the anticipated results and expectations expressed
in the forward-looking statements. For a discussion of these and
other risks and uncertainties, please refer to the Company’s Annual
Report on Form 10-K for our fiscal year ended March 31, 2024, and
the Company’s Quarterly Reports on Form 10-Q issued in fiscal year
2025. The financial information set forth in this press release
reflects estimates based on information available at this time. The
Company assumes no obligation and does not currently intend to
update these forward-looking statements.
For more information, please
contact:Investor.Relations@LiveRamp.com
LiveRamp® and all other LiveRamp marks contained
herein are trademarks or service marks of LiveRamp, Inc. All other
marks are the property of their respective owners.
LiveRamp (NYSE:RAMP)
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