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Jun 30, 2023
Zeta Global Q2 2023 Earnings Report
Zeta Global's profitability accelerated and guidance was raised.
Key Takeaways
Zeta Global reported a strong second quarter, exceeding consensus estimates for the eighth consecutive quarter. Revenue increased by 25% year-over-year to $172 million, driven by growth in scaled customer count and ARPU. The company also generated $21 million in cash flow from operating activities and $13 million in free cash flow.
Revenue reached $172 million, reflecting a 25% year-over-year increase.
Total Scaled Customer count grew to 425, up 14 sequentially, with Super Scaled Customer count increasing to 118, up 8 sequentially.
Scaled Customer ARPU expanded by 10% year-over-year, marking the 12th consecutive quarter of double-digit growth.
Cash flow from operating activities was $21 million, a 41% year-over-year increase, and Free Cash Flow was $13 million, a 110% year-over-year increase.
Forward Guidance
Zeta anticipates revenue and Adjusted EBITDA as follows:
Positive Outlook
- Increasing revenue guidance to a range of $177 million to $181 million for Q3 2023.
- The revised revenue guidance represents a year-over-year increase of 16% to 19%.
- Increasing Adjusted EBITDA guidance to a range of $31.7 million to $32.2 million for Q3 2023.
- The revised Adjusted EBITDA guidance represents a year-over-year increase of 41% to 44%.
- Increasing revenue guidance to a range of $712 million to $718 million for full year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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