LiveRamp to acquire Habu for $200M; preliminary Q3 revenue $174M beat guidance

LiveRamp Holdings, Inc.

Acquisition of data clean room provider Habu for ~$200M: ~$170M cash at close, rest in stock/holdback; plus ~$16M retention RSUs.
Habu stockholders approved; deal expected to close in LiveRamp's fiscal Q4 2024 (by March 31).
Preliminary Q3 FY24 revenue ~$174M (+10% YoY), above guidance of $165M; operating income ~$15M vs $8M guide.
Non-GAAP operating income ~$36M, well above prior guidance of $29M.
Acquisition expected to contribute ~$18M revenue in FY25 and accelerate Rule of 40 progress.

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