secwatch.observer — SEC 8-K summary
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Issuer:     LiveRamp Holdings, Inc. (RAMP)
CIK:        0000733269
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001104659-24-004503
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/733269/000110465924004503/0001104659-24-004503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/733269/000110465924004503/tm243478d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004503

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer