Zeta Global Q2 2024 Earnings Report
Key Takeaways
Zeta Global reported a record quarterly revenue of $228 million, a 33% year-over-year increase, driven by investments in AI and data, as well as momentum across growth catalysts. The company raised its full-year revenue guidance by $25 million to a midpoint of $925 million, reflecting a 27% year-over-year growth.
Total revenue reached $228 million, a 33% increase year-over-year and $16 million above guidance.
The total number of Scaled Customers grew to 468, an increase of 8 sequentially and 43 year-over-year.
Quarterly Scaled Customer ARPU increased to $479,000, up 22% year-over-year.
Generated $31 million in cash flow from operating activities, a 51% year-over-year increase, and $20 million in Free Cash Flow, a 53% year-over-year increase.
Zeta Global
Zeta Global
Zeta Global Revenue by Segment
Forward Guidance
Zeta Global is increasing its revenue and Adjusted EBITDA guidance for the third quarter and full year 2024.
Positive Outlook
- Third quarter revenue is expected to be in the range of $237.2 million to $241.2 million, representing a year-over-year increase of 26% to 28%.
- Third quarter Adjusted EBITDA is expected to be in the range of $46.8 million to $47.3 million, representing a year-over-year increase of 39% to 40%.
- Full year revenue is expected to be in the range of $920 million to $930 million, representing a year-over-year increase of 26% to 28%.
- Full year Adjusted EBITDA is expected to be in the range of $174.5 million to $176.5 million, representing a year-over-year increase of 35% to 36%.
- Full year Free Cash Flow is expected to be in the range of $80 million to $90 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income