NYSE$ZETA
Zeta Global Holdings Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Zeta Global's profitability accelerated and guidance was raised.
Zeta Global reported a strong second quarter, exceeding consensus estimates for the eighth consecutive quarter. Revenue increased by 25% year-over-year to $172 million, driven by growth in scaled customer count and ARPU. The company also generated $21 million in cash flow from operating activities and $13 million in free cash flow.
- Revenue reached $172 million, reflecting a 25% year-over-year increase.
- Total Scaled Customer count grew to 425, up 14 sequentially, with Super Scaled Customer count increasing to 118, up 8 sequentially.
- Scaled Customer ARPU expanded by 10% year-over-year, marking the 12th consecutive quarter of double-digit growth.
- Cash flow from operating activities was $21 million, a 41% year-over-year increase, and Free Cash Flow was $13 million, a 110% year-over-year increase.
Headline financials
Revenue & EPS history
Zeta Global · Revenue · Quarterly
$172M
Forward guidance
Zeta anticipates revenue and Adjusted EBITDA as follows:
Tailwinds
- Increasing revenue guidance to a range of $177 million to $181 million for Q3 2023.
- The revised revenue guidance represents a year-over-year increase of 16% to 19%.
- Increasing Adjusted EBITDA guidance to a range of $31.7 million to $32.2 million for Q3 2023.
- The revised Adjusted EBITDA guidance represents a year-over-year increase of 41% to 44%.
- Increasing revenue guidance to a range of $712 million to $718 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 Q2 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
| Quarter | Report date | Reaction (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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