Here's Why LiveRamp Holdings Is Soaring Today

LiveRamp Holdings' (NYSE: RAMP) stock skyrocketed today after the company reported its fourth-quarter 2020 results.

As of 2:01 P.M. EST, the company's share price was up 25.4%.

LiveRamp released its fourth-quarter results yesterday, with revenue increasing 35% year over year, to $105.7 million. The sales jump was fueled by the company's subscription revenue segment, which saw its sales spike 28% from the year-ago quarter. The segment now accounts for 79% of LiveRamp's total sales.

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Source Fool.com