LiveRamp Confirms $38.50/Share Acquisition by Publicis Groupe, Reports Strong FY26 Earnings Turnaround
RAMP sits 74% above its 52-week low of $21.71 on elevated volume (4.1× avg).
Summary
LiveRamp's annual report confirms its pending acquisition by Publicis Groupe for $38.50 per share and highlights a strong financial year, marked by a return to profitability and increased operating income.
Key Events · M&A and Partnerships · RAMP
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Definitive Merger Agreement Confirmed
LiveRamp entered into a definitive agreement on May 16, 2026, to be acquired by Publicis Groupe for $38.50 per share in an all-cash transaction, expected to close by the end of calendar year 2026. This represents a premium over the current stock price.
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Strong Financial Turnaround in FY26
The company reported net earnings of $146.0 million for the fiscal year ended March 31, 2026, a significant improvement from a net loss of $0.8 million in the prior year. Diluted EPS reached $2.24, up from $(0.01).
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Revenue and Operating Income Growth
Total revenues increased by 9.0% to $812.9 million, and income from operations surged to $83.5 million, compared to $5.4 million in the previous fiscal year.
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Significant Tax Benefit from Valuation Allowance Release
A tax benefit of $46.7 million was recorded, primarily due to a $53.8 million federal and $28.9 million state valuation allowance release, positively impacting net earnings.
Analysis · RAMP · Technology
This annual report confirms the definitive agreement for Publicis Groupe to acquire LiveRamp for $38.50 per share in cash, a significant event that fundamentally alters the company's future. The acquisition price represents a premium over the current trading price. The filing also reveals robust financial performance for fiscal year 2026, with a substantial turnaround from a net loss to $146.0 million in net earnings and a significant increase in operating income, providing strong underlying value for the acquisition.
At the time of this filing, RAMP was trading at $37.83 on NYSE in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $21.71 to $37.91. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.