LiveRamp reported solid Q3 FY2025 results with continued double-digit revenue growth and a robust margin profile, underscored by strength in ARR, CRPO, and data marketplace momentum. Revenue reached $195.4 million, up 12% year over year, with operating income of $14.7 million and an expended quarterly operating margin of 23%. ARR stood at $491 million, up 10% YoY, while CRPO rose 16% QoQ, reflecting improved sales execution and expanded customer usage across the data collaboration network. Management emphasized the data collaboration flywheel, faster onboarding, and a disciplined cost structure as core drivers of profitability and long-term value creation. The company lifted FY2025 revenue guidance to $741–$743 million and maintained a path toward Rule of 40 progress (targeting 12–13% revenue growth and 18% operating margin) with a longer‑term objective of 20–25% operating margin in FY2026. The quarter also highlighted meaningful progress in upsells, new logos, and platform enhancements (speed, usability, and cross‑media measurement). Looking ahead, LiveRamp remains positioned to monetize data collaboration through broader adoption of clean rooms, identity connectivity, and data marketplace activations, while navigating a still‑uncertain macroeconomic environment and integration of new assets from acquisitions (e.g., Habu). Overall, the QQ3 print supports a constructive, if nuanced, growth and profitability trajectory for investors, anchored in network effects, scalable SaaS economics, and an expanding addressable market for data‑driven advertising outcomes.