NASDAQ$GTM

ZoomInfo Technologies Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full-year ended December 31, 2022.

ZoomInfo reported Q4 revenue of $301.7 million, a 36% increase year-over-year, with a GAAP operating income margin of 17% and an adjusted operating income margin of 42%. Cash flow from operations was $120.2 million, and unlevered free cash flow was $122.4 million.

  • Revenue of $301.7 million, an increase of 36% year-over-year.
  • Operating income of $52.1 million and Adjusted Operating Income of $127.0 million.
  • GAAP operating income margin of 17% and Adjusted Operating Income Margin of 42%.
  • Cash flow from operations of $120.2 million, and Unlevered Free Cash Flow of $122.4 million.

Headline financials

Total Revenue

$302M

Previous: $222M+35.7%
EPS (adj)

$0.26

Previous: $0.18+44.4%
Customers with $100k+ ACV

1.9K

Previous: 1.5K+32.6%
Net revenue retention

104.0%

Previous: 116.0%-10.3%
Free Cash Flow

$122M

Previous: $84.4M+45.0%
Net Income

$23.2M

Previous: $145M-84.0%
Operating Income

$52.1M

Previous: $24.2M+115.3%
Gross Profit

$253M

Previous: $182M+38.8%
Cash & Equivalents

$418M

Previous: $308M+35.6%
Total Assets

$7.14B

Previous: $6.85B+4.1%
Stock-Based Comp

$54.7M

Previous: $33.3M+64.3%

Revenue & EPS history

ZoomInfo · Revenue · Quarterly

$302M

Q4 2022+35.7%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

ZoomInfo is providing guidance for the first quarter and full-year 2023.

Tailwinds

  • Q1 2023 GAAP Revenue: $299 - $301 million
  • Q1 2023 Non-GAAP Adjusted Operating Income: $118 - $120 million
  • Q1 2023 Non-GAAP Adjusted Net Income per share: $0.21 - $0.22
  • FY 2023 GAAP Revenue: $1.275 - $1.285 billion
  • FY 2023 Non-GAAP Adjusted Operating Income: $523 - $533 million

Headwinds

  • FY 2023 Non-GAAP Adjusted Net Income per share: $0.98 - $1.00
  • FY 2023 Non-GAAP Unlevered Free Cash Flow: $507 - $517 million
  • Q1 2023 Weighted Average Shares Outstanding: 414 million
  • FY 2023 Weighted Average Shares Outstanding: 418 million
  • Q1 2023 Non-GAAP Unlevered Free Cash Flow: Not guided

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 Q4 2022

Historical avgQ4 2022

-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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