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Jun 30, 2024
ZoomInfo Q2 2024 Earnings Report
Announced financial results for the second quarter ended June 30, 2024.
Key Takeaways
ZoomInfo's Q2 2024 results showed a GAAP revenue of $291.5 million, a 6% decrease year-over-year. The company reported a GAAP operating loss of $20.0 million, but an adjusted operating income of $81.6 million. They also grew their customer cohort with $100k+ ACV and stabilized net revenue retention.
Launched ZoomInfo Copilot, an AI-powered go-to-market platform.
Grew customer cohort with $100,000 or greater in annual contract value by 37 from the prior quarter.
Collaborated with Google Cloud to provide specialized third-party datasets for Google's Vertex AI.
Received the TrustRadius Top Rated Award for customer satisfaction in all eligible categories.
ZoomInfo
ZoomInfo
Forward Guidance
ZoomInfo provided guidance for Q3 2024 with GAAP revenue expected to be between $298 - $301 million and non-GAAP adjusted operating income between $107 - $109 million. For the full year 2024, GAAP revenue is expected to be between $1.190 - $1.205 billion and non-GAAP adjusted operating income between $412 - $418 million.
Positive Outlook
- Q3 2024 GAAP Revenue: $298 - $301 million
- Q3 2024 Non-GAAP Adjusted Operating Income: $107 - $109 million
- Q3 2024 Non-GAAP Adjusted Net Income per share: $0.21 - $0.22
- FY 2024 GAAP Revenue: $1.190 - $1.205 billion
- FY 2024 Non-GAAP Adjusted Operating Income: $412 - $418 million