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Mar 31, 2023
Zeta Global Q1 2023 Earnings Report
Zeta Global's first quarter results for 2023 showed revenue growth and an increase in scaled customer counts.
Key Takeaways
Zeta Global announced a 25% year-over-year increase in revenue, reaching $158 million for Q1 2023. The company also saw growth in both scaled and super-scaled customer counts and ARPU. They are raising 2Q’23 & FY'23 guidance and introducing new generative AI capabilities
Total revenue reached $158 million, a 25% increase year-over-year.
Scaled Customer count grew to 411, up 8 sequentially and 52 year-over-year.
Super-Scaled Customer count increased by 7 sequentially with ARPU up 18% year-over-year and revenue up 31% year-over-year.
Scaled Customer ARPU increased by 10% year-over-year.
Zeta Global
Zeta Global
Forward Guidance
Zeta anticipates increased revenue and Adjusted EBITDA for the second quarter and full year 2023.
Positive Outlook
- Increasing revenue guidance to a range of $160 million to $164 million for Q2 2023.
- The revised revenue guidance represents a year-over-year increase of 17% to 19%.
- Increasing Adjusted EBITDA guidance to a range of $24.2 million to $24.7 million for Q2 2023.
- The revised Adjusted EBITDA guidance represents a year-over-year increase of 30% to 33%.
- Increasing revenue guidance to a range of $696 million to $706 million for full year 2023.