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Jun 30, 2022
Zeta Global Q2 2022 Earnings Report
Zeta Global's revenue and profit growth accelerated in Q2 2022, marked by a record number of new scaled customer additions.
Key Takeaways
Zeta Global reported strong second-quarter results with accelerating revenue and profit growth. The company added a record 14 new scaled customers and saw a 19% year-over-year increase in scaled customer ARPU. Total revenue reached $137 million, up 28% year-over-year.
Total revenue reached $137 million, reflecting a 28% increase year-over-year.
A record 14 new scaled customers were added in the quarter, contributing to a total of 373 scaled customers.
Scaled customer ARPU increased by 19% year-over-year to $355 thousand.
Direct platform revenue accounted for 81% of total revenue, compared to 77% in Q2 2021.
Forward Guidance
Zeta anticipates revenue and Adjusted EBITDA to be in the following ranges:
Positive Outlook
- Third Quarter 2022 Revenue of $139 million to $143 million, representing a year-over-year increase of 21% to 24%.
- Third Quarter 2022 Adjusted EBITDA of $19.8 million to $20.3 million, representing a year-over-year increase of 24% to 27% and an Adjusted EBITDA margin of 13.9% to 14.6%.
- Full Year 2022 Increasing and narrowing our revenue expectations to a range of $560 million to $566 million, up from prior guidance of $553 million to $563 million. Revised guidance represents a year-over-year increase of 22% to 24%.
- Full Year 2022 Increasing Adjusted EBITDA to a range of $85.8 million to $87.3 million, up from prior guidance of $83.4 million to $86.4 million. Revised guidance represents a year-over-year increase of 36% to 38% and an Adjusted EBITDA margin of 15.2% to 15.6%.
- The Company intends to use approximately $50 million in aggregate Free Cash Flow to fund repurchases and withholdings under the two programs through December 31, 2024. if economic and market conditions are favorable.
Challenges Ahead
- The third quarter and full year 2022 guidance provided herein and Zeta 2025 targets are based on Zeta’s current estimates and assumptions and are not a guarantee of future performance.
Historical Earnings Impact
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