NYSE$ZETA
Zeta Global Holdings Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Zeta Global's revenue growth accelerated and achieved the "Rule of 50" in Q2 2024.
Zeta Global reported a record quarterly revenue of $228 million, a 33% year-over-year increase, driven by investments in AI and data, as well as momentum across growth catalysts. The company raised its full-year revenue guidance by $25 million to a midpoint of $925 million, reflecting a 27% year-over-year growth.
- Total revenue reached $228 million, a 33% increase year-over-year and $16 million above guidance.
- The total number of Scaled Customers grew to 468, an increase of 8 sequentially and 43 year-over-year.
- Quarterly Scaled Customer ARPU increased to $479,000, up 22% year-over-year.
- Generated $31 million in cash flow from operating activities, a 51% year-over-year increase, and $20 million in Free Cash Flow, a 53% year-over-year increase.
Headline financials
Revenue & EPS history
Zeta Global · Revenue · Quarterly
$228M
Forward guidance
Zeta Global is increasing its revenue and Adjusted EBITDA guidance for the third quarter and full year 2024.
Tailwinds
- Third quarter revenue is expected to be in the range of $237.2 million to $241.2 million, representing a year-over-year increase of 26% to 28%.
- Third quarter Adjusted EBITDA is expected to be in the range of $46.8 million to $47.3 million, representing a year-over-year increase of 39% to 40%.
- Full year revenue is expected to be in the range of $920 million to $930 million, representing a year-over-year increase of 26% to 28%.
- Full year Adjusted EBITDA is expected to be in the range of $174.5 million to $176.5 million, representing a year-over-year increase of 35% to 36%.
- Full year Free Cash Flow is expected to be in the range of $80 million to $90 million.
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 2024
+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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