NASDAQ$GTM
ZoomInfo Technologies Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced financial results for the second quarter ended June 30, 2024.
ZoomInfo's Q2 2024 results showed a GAAP revenue of $291.5 million, a 6% decrease year-over-year. The company reported a GAAP operating loss of $20.0 million, but an adjusted operating income of $81.6 million. They also grew their customer cohort with $100k+ ACV and stabilized net revenue retention.
- Launched ZoomInfo Copilot, an AI-powered go-to-market platform.
- Grew customer cohort with $100,000 or greater in annual contract value by 37 from the prior quarter.
- Collaborated with Google Cloud to provide specialized third-party datasets for Google's Vertex AI.
- Received the TrustRadius Top Rated Award for customer satisfaction in all eligible categories.
Headline financials
Revenue & EPS history
ZoomInfo · Revenue · Quarterly
$292M
Forward guidance
ZoomInfo provided guidance for Q3 2024 with GAAP revenue expected to be between $298 - $301 million and non-GAAP adjusted operating income between $107 - $109 million. For the full year 2024, GAAP revenue is expected to be between $1.190 - $1.205 billion and non-GAAP adjusted operating income between $412 - $418 million.
Tailwinds
- Q3 2024 GAAP Revenue: $298 - $301 million
- Q3 2024 Non-GAAP Adjusted Operating Income: $107 - $109 million
- Q3 2024 Non-GAAP Adjusted Net Income per share: $0.21 - $0.22
- FY 2024 GAAP Revenue: $1.190 - $1.205 billion
- FY 2024 Non-GAAP Adjusted Operating Income: $412 - $418 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-4.8%
Avg return
Earnings day
-7.1%
Avg return
5 days after
-8.1%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+23.1%
Q4 2024
Best reaction
-30.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.2% | -39.5% | — | |
| Q4 2025 | -9.4% | -13.1% | -18.0% | |
| Q3 2025 | -1.2% | -10.4% | -16.0% | |
| Q1 2025 | -2.9% | -1.1% | -3.1% | |
| Q4 2024 | +23.1% | +21.1% | +5.5% | |
| Q3 2024 | -16.8% | -19.1% | -16.1% | |
| Q2 2024 | -23.1% | -13.5% | -5.7% | |
| Q1 2024 | -27.0% | -23.2% | -25.6% | |
| Q4 2023 | +19.0% | +13.6% | +6.2% | |
| Q3 2023 | -15.5% | -11.1% | -7.3% | |
| Q2 2023 | -27.6% | -28.2% | -31.0% | |
| Q1 2023 | +0.3% | -6.2% | +12.9% | |
| Q4 2022 | +4.0% | -11.2% | -15.3% | |
| Q3 2022 | -30.8% | -34.2% | -35.1% | |
| Q2 2022 | +10.8% | +26.0% | +19.9% | |
| Q1 2022 | +9.7% | -1.4% | -13.7% | |
| Q4 2021 | +1.6% | -5.1% | +3.8% | |
| Q3 2021 | +3.7% | +9.6% | -11.7% | |
| Q2 2021 | +5.1% | +20.1% | +20.9% | |
| Q1 2021 | -6.6% | -17.1% | -16.1% | |
| Q4 2020 | -2.4% | -4.2% | -0.6% | |
| Q3 2020 | -3.8% | +1.4% | -3.0% | |
| Q2 2020 | -15.4% | -15.7% | -28.4% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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