NYSE$ZETA

Zeta Global Holdings Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Zeta Global's first quarter results for 2023 showed revenue growth and an increase in scaled customer counts.

Zeta Global announced a 25% year-over-year increase in revenue, reaching $158 million for Q1 2023. The company also saw growth in both scaled and super-scaled customer counts and ARPU. They are raising 2Q’23 & FY'23 guidance and introducing new generative AI capabilities

  • Total revenue reached $158 million, a 25% increase year-over-year.
  • Scaled Customer count grew to 411, up 8 sequentially and 52 year-over-year.
  • Super-Scaled Customer count increased by 7 sequentially with ARPU up 18% year-over-year and revenue up 31% year-over-year.
  • Scaled Customer ARPU increased by 10% year-over-year.

Headline financials

Total Revenue

$158M

Previous: $126M+24.8%
EPS (adj)

$0.05

Previous: -$0.54+109.3%
Capital Expenditures

-$5.16M

Previous: -$6.74M+23.4%
Free Cash Flow

-$62.1M

Previous: -$78.8M+21.1%
Net Income

-$57M

Previous: -$72M+20.9%
Operating Income

-$52.4M

Previous: -$68.1M+22.9%
Gross Profit

$103M

Previous: $84.5M+22.1%
Cash & Equivalents

$108M

Previous: $104M+3.8%
Total Assets

$470M

Previous: $416M+12.9%
Stock-Based Comp

$64.5M

Previous: $73.7M-12.6%

Revenue & EPS history

Zeta Global · Revenue · Quarterly

$158M

Q1 2023+24.8%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Zeta anticipates increased revenue and Adjusted EBITDA for the second quarter and full year 2023.

Tailwinds

  • Increasing revenue guidance to a range of $160 million to $164 million for Q2 2023.
  • The revised revenue guidance represents a year-over-year increase of 17% to 19%.
  • Increasing Adjusted EBITDA guidance to a range of $24.2 million to $24.7 million for Q2 2023.
  • The revised Adjusted EBITDA guidance represents a year-over-year increase of 30% to 33%.
  • Increasing revenue guidance to a range of $696 million to $706 million for full year 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.3%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.2%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+21.6%

Q2 2022

Best reaction

-20.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-6.5%+24.4%
Q4 2025+5.1%+2.4%-14.3%
Q3 2025+19.4%+19.1%+14.1%
Q1 2025+1.3%-2.1%-2.6%
Q4 2024-13.7%-19.6%-33.2%
Q3 2024-20.7%-50.6%-39.5%
Q2 2024+14.3%+4.6%+25.9%
Q1 2024+20.0%+23.2%+29.0%
Q4 2023+2.6%+0.0%+5.8%
Q3 2023+3.8%+4.2%+8.2%
Q2 2023+6.1%-5.9%-14.9%
Q1 2023-9.6%-10.6%-2.9%
Q4 2022+16.3%+15.3%+11.4%
Q3 2022-3.4%-0.5%+5.3%
Q2 2022+21.6%+27.2%+16.0%
Q1 2021-9.7%-2.2%-21.5%
Q1 2022-0.7%+11.0%-7.6%
Q4 2019+8.9%-7.6%-8.6%
Q4 2021+5.7%+15.0%-3.4%
Q3 2020-0.2%-6.3%-14.6%
Q3 2021-3.5%-7.6%-17.5%
Q4 2020+1.0%-7.0%+17.5%
Q2 2020+1.0%-7.0%+17.5%
Q2 2021-10.5%-4.8%+11.0%
Q1 2020

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