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LIVERAMP ANNOUNCES THIRD QUARTER RESULTS Total Revenue Up 17 % ATS Adopted by Over 325 Publishers Worldwide , Including 65 % of the US Comscore Top 50 GAAP Gross Margin of 69 % and Non - GAAP Gross Margin of 73 % Record Operating Performance SAN FRANCISCO , Calif . , February 8 , 2021 - LiveRamp® ( NYSE : RAMP ) , the leading global data connectivity platform , today announced its financial results for the quarter ended December 31 , 2020 . Third Quarter Financial Highlights Total revenue was $ 120 million , up 17 % compared to the prior year period . Subscription revenue was $ 93 million , up 15 % compared to the prior year period and contributed 78 % of total revenue . Marketplace & Other revenue was $ 26 million , up 27 % compared to the prior year period . GAAP gross profit was $ 83 million , up 29 % compared to the prior year period . GAAP gross margin of 69 % expanded 6 percentage points . Non - GAAP gross profit was $ 88 million , up 24 % compared to the prior year period . Non - GAAP gross margin of 73 % expanded 4 percentage points . GAAP operating loss was $ 16 million compared to a GAAP operating loss of $ 41 million in the prior year period . Non - GAAP operating income was $ 12 million compared to a non - GAAP operating loss of $ 6 million in the prior year period . GAAP loss per share was $ 0.18 , and non - GAAP earnings per share was $ 0.14 . Net cash generated from operating activities was $ 15 million compared to net cash generated from operating activities of $ 16 million in the prior year period . Cash and cash equivalents totaled $ 663 million with no debt at quarter end . A reconciliation between GAAP and non - GAAP results is provided in the schedules to this press release . " With LiveRamp , brands don't have to compromise data security and privacy for data utility - they can have both , " said LiveRamp CEO Scott Howe . " The past quarter has really validated the important role we play in helping our customers and partners safely and securely use data to deliver better customer experiences and ultimately drive growth across their enterprises . The explosive global adoption of our Authenticated Traffic Solution ( or ATS ) and new innovation like Safe Haven demonstrate the value we are creating for our customers . " " Our record Q3 performance highlights the strength and leverage of our model , " added LiveRamp President and CFO Warren Jenson . " We delivered our first double - digit non - GAAP operating margin in the Company's history , and we were again cash flow positive . We now expect to be profitable on a non GAAP basis for the full year . " 1