NASDAQ$GTM

ZoomInfo Technologies Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

ZoomInfo's financial performance in Q3 2024 reflected a move up-market, driven by ZoomInfo Copilot and Operations growth, with strong financial results and improved customer quality.

ZoomInfo reported a GAAP revenue of $303.6 million, a decrease of 3% year-over-year. The company's GAAP operating income was $43.5 million, with an adjusted operating income of $111.7 million. They closed the quarter with 1,809 customers with $100,000 or greater in annual contract value, an increase of 12 from the prior quarter.

  • GAAP revenue was $303.6 million, a 3% decrease year-over-year.
  • GAAP operating income was $43.5 million, and adjusted operating income was $111.7 million.
  • The company had 1,809 customers with $100,000 or greater in annual contract value, an increase of 12 from the prior quarter.
  • Unlevered free cash flow was $110.7 million, a 17% increase year-over-year.

Headline financials

Total Revenue

$304M

Previous: $314M-3.3%
EPS

$0.07

Previous: $0.26-73.1%
Customers with $100k+ ACV

1.8K

Previous: 1.9K-3.2%
Capital Expenditures

-$21M

Previous: -$5M-320.0%
Free Cash Flow

$23.8M

Previous: $30.2M-21.2%
Net Income

$23.8M

Previous: $30.2M-21.2%
Operating Income

$43.5M

Previous: $63.1M-31.1%
Gross Profit

$256M

Previous: $269M-4.7%
Cash & Equivalents

$148M

Previous: $443M-66.6%
Total Assets

$6.39B

Previous: $7.07B-9.6%
R&D Expense

$47.7M

Previous: $47.3M+0.8%
Stock-Based Comp

$36.6M

Previous: $42.9M-14.7%

Revenue & EPS history

ZoomInfo · Revenue · Quarterly

$304M

Q3 2024-3.3%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

ZoomInfo provided guidance for the fourth quarter and full year 2024.

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 Q3 2024

Historical avgQ3 2024

-4.8%

Avg return

Earnings day

-7.1%

Avg return

5 days after

-10.2%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+23.1%

Q4 2024

Best reaction

-30.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.2%-39.5%-57.8%
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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