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Sep 30, 2022
Zeta Global Q3 2022 Earnings Report
Zeta Global's revenue growth accelerated to 32% in Q3 2022.
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.
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%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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