NYSE$ZETA
Zeta Global Holdings Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Zeta Global reported Q4 2025 revenue of $395M and GAAP net income of $6.5M, beating guidance.
Q4 2025 revenue was $395 million (+25% YoY, +28% ex-political/LiveIntent/Marigold), $14 million above guidance midpoint. GAAP net income was $6.5 million (1.7% margin). Super-Scaled Customers rose to 184 (+24% YoY). FY 2025 revenue $1.305B (+30%). Management raised 2026 guidance and targets positive GAAP net income for the year.
- Q4 revenue $395M (+25%); beat guidance by $14M.
- GAAP net income $6.5M; FCF $165M FY (+78%).
- 184 Super-Scaled Customers (+36 YoY).
- 18th consecutive beat-and-raise quarter cited.
Headline financials
Revenue & EPS history
Zeta Global · Revenue · Quarterly
$395M
Forward guidance
Management increased full-year 2026 revenue, adjusted EBITDA, free cash flow guidance and guides to positive GAAP net income, citing Athena AI and scaled customer growth.
Tailwinds
- Adjusted EBITDA margin expanded 174 bps YoY in Q4.
- Operating cash flow $199M FY (+49%).
- AI Marketing Cloud adoption driving customer count.
Headwinds
- Political and divestiture adjustments affect YoY comparability.
- Small GAAP margin leaves earnings sensitive to spend.
- Competition in marketing cloud remains intense.
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 Q4 2025
+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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