Zeta Global Q3 2022 Earnings Report
Key Takeaways
Zeta Global announced strong Q3 2022 results with revenue of $152 million, up 32% year-over-year, and increased profitability and cash generation. The company raised its Q4 and full year 2022 revenue and Adjusted EBITDA guidance.
Total revenue reached $152 million, a 32% increase year-over-year and 11% quarter-over-quarter.
The company added a record 16 new Scaled Customers, including 6 Super Scaled Customers quarter-over-quarter, and Scaled Customer ARPU grew 19% year-over-year.
Cash flow from operating activities was $19.5 million, compared to $10.2 million in Q3 2021.
Direct platform revenue accounted for 74% of total revenue, consistent with Q3 2021.
Zeta Global
Zeta Global
Zeta Global Revenue by Segment
Forward Guidance
Zeta anticipates increased revenue and Adjusted EBITDA for the fourth quarter and full year 2022.
Positive Outlook
- Revenue guidance for Q4 2022 is increased to a range of $158 million to $162 million, representing a year-over-year increase of 17% to 20%.
- Adjusted EBITDA guidance for Q4 2022 is increased to a range of $29.2 million to $29.7 million, representing a year-over-year increase of 28% to 30%.
- Revenue expectations for full year 2022 are increased and narrowed to a range of $574 million to $578 million, representing a year-over-year increase of 25% to 26%.
- Adjusted EBITDA for full year 2022 is increased to a range of $89.0 million to $89.5 million, representing a year-over-year increase of 41%.
- Adjusted EBITDA margin for Q4 2022 is expected to be 18.0% to 18.8%.