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Mar 31, 2024
Zeta Global Q1 2024 Earnings Report
Zeta Global's Q1 2024 performance was marked by revenue growth, customer expansion, and increased profitability.
Key Takeaways
Zeta Global reported a strong start to 2024 with a 24% year-over-year increase in revenue to $195 million. The company expanded its customer base, with Scaled Customers reaching 460 and Super Scaled Customers at 144. Free cash flow increased by 51% year-over-year to $15 million, and the company raised its guidance for the full year, anticipating accelerated revenue growth.
Revenue reached $195 million, a 24% increase year-over-year.
Total Scaled Customer count grew to 460, with Super Scaled Customer count at 144.
Scaled Customer ARPU expanded by 11% year-over-year to $416,000.
Free Cash Flow increased by 51% year-over-year to $15 million.
Forward Guidance
Zeta Global is raising its guidance for each quarter of 2024, expecting the full year revenue growth rate to accelerate. For the second quarter of 2024, revenue is expected to be in the range of $210 million to $214 million, representing a year-over-year increase of 22% to 25%. Adjusted EBITDA is projected to be between $35.3 million and $35.8 million, a year-over-year increase of 31% to 33%. For the full year 2024, revenue is expected to range from $895 million to $905 million, with Adjusted EBITDA between $170 million and $172 million.
Positive Outlook
- Revenue guidance increased to $210-$214 million for Q2 2024, up 22-25% Y/Y.
- Adjusted EBITDA guidance increased to $35.3-$35.8 million for Q2 2024, up 31-33% Y/Y.
- Revenue guidance increased to $895-$905 million for full year 2024, up 23-24% Y/Y.
- Adjusted EBITDA guidance increased to $170-$172 million for full year 2024, up 31-33% Y/Y.
- Free Cash Flow target of $75 million to $85 million for full year 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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