NYSE$ZETA

Zeta Global Holdings Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Zeta Global's revenue growth accelerated to 32% in Q3 2022.

Zeta Global announced strong Q3 2022 results with revenue of $152 million, up 32% year-over-year, and increased profitability and cash generation. The company raised its Q4 and full year 2022 revenue and Adjusted EBITDA guidance.

  • Total revenue reached $152 million, a 32% increase year-over-year and 11% quarter-over-quarter.
  • The company added a record 16 new Scaled Customers, including 6 Super Scaled Customers quarter-over-quarter, and Scaled Customer ARPU grew 19% year-over-year.
  • Cash flow from operating activities was $19.5 million, compared to $10.2 million in Q3 2021.
  • Direct platform revenue accounted for 74% of total revenue, consistent with Q3 2021.

Headline financials

Total Revenue

$152M

Previous: $115M+32.2%
EPS (adj)

-$0.49

Previous: -$0.53+7.5%
Capital Expenditures

-$17.2M

Previous: -$6.88M-149.4%
Free Cash Flow

-$86.6M

Previous: -$76M-13.9%
Net Income

-$69.4M

Previous: -$69.1M-0.4%
Operating Income

-$66.2M

Previous: -$66.9M+1.0%
Gross Profit

$94.7M

Previous: $70.6M+34.2%
Cash & Equivalents

$115M

Previous: $116M-1.2%
Total Assets

$441M

Previous: $354M+24.4%
Stock-Based Comp

$75.2M

Previous: $69.3M+8.5%

Revenue & EPS history

Zeta Global · Revenue · Quarterly

$152M

Q3 2022+32.2%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Zeta anticipates increased revenue and Adjusted EBITDA for the fourth quarter and full year 2022.

Tailwinds

  • Revenue guidance for Q4 2022 is increased to a range of $158 million to $162 million, representing a year-over-year increase of 17% to 20%.
  • Adjusted EBITDA guidance for Q4 2022 is increased to a range of $29.2 million to $29.7 million, representing a year-over-year increase of 28% to 30%.
  • Revenue expectations for full year 2022 are increased and narrowed to a range of $574 million to $578 million, representing a year-over-year increase of 25% to 26%.
  • Adjusted EBITDA for full year 2022 is increased to a range of $89.0 million to $89.5 million, representing a year-over-year increase of 41%.
  • Adjusted EBITDA margin for Q4 2022 is expected to be 18.0% to 18.8%.

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 Q3 2022

Historical avgQ3 2022

+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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