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Jun 30, 2024
Zeta Global Q2 2024 Earnings Report
Zeta Global's revenue growth accelerated and achieved the "Rule of 50" in Q2 2024.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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