Peter Burkly's questions to LiveRamp Holdings (RAMP) leadership • Q4 2025
Question
Peter Burkly asked about the adoption path for the Clean Room solution, given its 4x ARR lift, and inquired about the future directional trend for Subscription Net Retention (SNR).
Answer
CEO Scott Howe stated that broader Clean Room adoption is a matter of time, execution, and education, with a long-term tailwind from AI requiring secure, proprietary data collaboration. CFO Lauren Dillard projected near-term SNR to be between 100% and 105%, impacted by prior-year selling pressure, but expects improvement in the second half. The medium-term target remains 105%-110%, driven by Clean Room cross-sells and improved gross retention.