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Sep 30, 2023
ZoomInfo Q3 2023 Earnings Report
ZoomInfo's Q3 2023 financial results exceeded guidance, demonstrating effective execution in a challenging environment.
Key Takeaways
ZoomInfo reported Q3 2023 revenue of $313.8 million, a 9% increase year-over-year. The company's GAAP operating margin was 20%, and the adjusted operating income margin was 40%. Cash flow from operations was $80.8 million, and unlevered free cash flow was $94.8 million.
Revenue reached $313.8 million, reflecting a 9% increase year-over-year.
GAAP operating income margin stood at 20%, while adjusted operating income margin was 40%.
Cash flow from operations amounted to $80.8 million, and unlevered free cash flow totaled $94.8 million.
The company repurchased 8,800,000 shares of common stock for an aggregate of $160.1 million.
Forward Guidance
ZoomInfo provides guidance for the fourth quarter and full year 2023.
Positive Outlook
- Q4 2023 GAAP Revenue: $309 - $312 million
- FY 2023 GAAP Revenue: $1.232 - $1.235 billion
- Q4 2023 Non-GAAP Adjusted Operating Income: $122 - $124 million
- FY 2023 Non-GAAP Adjusted Operating Income: $494 - $496 million
- FY 2023 Non-GAAP Unlevered Free Cash Flow: $445 - $455 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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