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Sep 30, 2024
Zeta Global Q3 2024 Earnings Report
Zeta Global's Q3 2024 earnings demonstrated strong growth, highlighted by a 42% increase in revenue and achievement of the 'Rule of 60'.
Key Takeaways
Zeta Global reported record revenue of $268 million for Q3 2024, a 42% year-over-year increase. The company achieved the 'Rule of 60' and saw significant growth in direct revenue, scaled customer ARPU, and free cash flow. They are raising 4Q24 revenue growth guidance to 40% Y/Y.
Zeta Global delivered record revenue of $268 million, a 42% increase year-over-year.
Direct revenue grew by 41% year-over-year, with the direct revenue mix increasing to 70% of total revenue.
Scaled Customer ARPU increased to $557K, a 33% year-over-year increase.
Free Cash Flow increased by 93% year-over-year to $26 million.
Forward Guidance
Zeta Global is increasing its revenue guidance for Q4 2024 to a range of $293 million to $297 million, representing a year-over-year increase of 39% to 41%.
Positive Outlook
- Revenue guidance increased to $293M - $297M, up $32M from prior midpoint.
- Represents 39% - 41% year-over-year increase.
- Adjusted EBITDA guidance increased to $64.9M - $66.9M, up $6.5M from prior midpoint.
- Represents 45% - 49% year-over-year increase.
- Adjusted EBITDA margin of 21.9% - 22.8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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