Zeta Global Holdings v 2. čtvrtletí překonala odhady: EPS činil 21 centů a tržby vzrostly o 43,5 % na 442,8 milionu USD. Firma zároveň zvýšila výhled tržeb i upraveného EBITDA.
It has been about a month since the last earnings report for Zeta Global Holdings (ZETA - Free Report) . Shares have added about 12.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Zeta due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
Earnings of 21 cents per share beat the Zacks Consensus Estimate of 20 cents by 5%. GAAP earnings improved to 3 cents per share as the company generated net income of $8.2 million compared with a net loss of $12.8 million a year ago.
Revenues surged 43.5% year over year to $442.8 million, surpassing the consensus estimate of $420.2 million by 5.4%. Growth reflected strong AI adoption, customer expansion and higher platform usage. Super-scaled customers and their average revenue per user each increased 17%.
The stock gained 6% since the earnings release on Aug. 4 in response to the better-than-expected results and as guidance was strong. For the third quarter of 2026, Zeta expects revenues between $469 million and $472 million, implying growth of 39-40%. The midpoint increased by $10 million from the prior outlook.
Adjusted EBITDA is projected between $115 million and $116 million, representing growth of 47-49%. The corresponding margin is expected between 24.4% and 24.7%.
Management raised its 2026 revenue guidance to $1.811-$1.824 billion from a prior midpoint of $1.785 billion. The revised range indicates growth of 39-40%, or 24-25% excluding M&A and political candidate revenues.
Adjusted EBITDA is now expected between $404.1 million and $406.3 million. Free cash flow guidance increased to $254.8-$255.8 million, while GAAP earnings guidance rose to 9-11 cents per share.
ZETA Benefits From Broad-Based Revenue GrowthSecond-quarter revenues increased from $308.4 million in the year-ago period. Excluding acquisitions, revenues rose 28%, marking the company’s 21st consecutive quarter of more than 20% growth after excluding M&A and political candidate revenues.
Demand was broad-based across industries. Eight of Zeta’s top 10 verticals posted more than 20% trailing-12-month growth. Consumer and retail, financial services, automotive and healthcare accelerated from the preceding quarter.
The total sales pipeline expanded more than 60% year over year and increased by more than $100 million over the past 90 days. Pipeline creation per seller more than doubled, while average contract values for deals won increased more than 40%.
Zeta’s Customer Metrics Exceed Long-Term ModelThe number of super-scaled customers, which generate at least $1 million in trailing-12-month revenues, reached 197. This compares with 168 a year earlier and 189 in the first quarter, marking seven consecutive quarters of sequential growth.
Super-scaled customer average revenue per user reached $1.8 million, up from $1.6 million a year ago. Both customer-count growth and ARPU growth exceeded the ranges in Zeta’s 2028 model.
Customers using more than one use case increased 90% year over year, while those employing at least five channels rose more than 50%. Cross-sell and upsell deals won advanced 43%, reflecting traction from the One Zeta sales initiative and Marigold cross-selling.
ZETA’s AI Adoption Supports Platform ExpansionMore than 40% of super-scaled customers became monthly active Athena users within 130 days of its enterprise launch. Among all customers, the 20% that comprehensively adopted Zeta’s AI tools generated roughly 70% of revenues.
Within the super-scaled group, the 50% of customers with comprehensive AI adoption accounted for 75% of revenues. These AI-intensive users grew four times faster than customers still in the early stages of adoption.
Athena engagement is increasingly voice-based, with 83% of customer interactions conducted through spoken commands. Management also noted that 90% of new code generated during the quarter was automated, helping accelerate product development.
Zeta Delivers Margin and Cash Flow GainsAdjusted EBITDA increased 56% year over year to $91.7 million. Adjusted EBITDA margin expanded 170 basis points to 20.7%, reflecting integration savings and restructuring benefits from Marigold.
Operating expenses totaled $425.8 million compared with $313.5 million a year ago. Cost of revenues was $181 million, while selling and marketing, general and administrative, and research and development expenses were $104 million, $75.9 million and $42.2 million, respectively.
Operating cash flow rose 65% to $69.2 million. Free cash flow advanced 73% to $58 million, while free cash flow margin improved 220 basis points to 13.1%.
Zeta ended the quarter with cash and cash equivalents of $310 million and long-term borrowings of $197.5 million. The company also repurchased $29.9 million of shares during the quarter.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
VGM ScoresAt this time, Zeta has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions has been net zero. Notably, Zeta has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zeta Global zvýšila výhled tržeb pro rok 2026 na 1,82 miliardy USD a upravený EBITDA na zhruba 405 milionů USD po růstu kvartálních tržeb o 43,5 % na 442,8 milionu USD.
Key Takeaways ZETA's Q2 revenues jumped 43.5% to $442.8 million, with organic growth of 28%.Zeta Global raised 2026 revenue guidance to $1.82 billion and adjusted EBITDA to about $405 million.ZETA's higher-cost social mix and agency exposure could pressure margins and cash-flow timing. Zeta Global Holdings Corp.’s (ZETA - Free Report) growth prospects include AI-led adoption, expanding customer relationships and Marigold synergies. However, channel-mix pressure, agency exposure and the execution required to achieve full-year GAAP profitability limit the case for a more bullish stance.
AI-Native Momentum Strengthens ZETA’s PositionZeta’s second-quarter 2026 revenues increased 43.5% year over year to $442.8 million, including $48.1 million from Marigold. Excluding acquisitions, revenues grew 28%. Eight of its top 10 industries expanded more than 20% on a trailing-12-month basis, while the sales pipeline increased more than 60% year over year.
The results suggest that enterprises are increasingly consolidating marketing functions onto AI-native platforms capable of delivering measurable returns. Athena became available to all Zeta Marketing Platform customers in the first quarter and is helping simplify workflows and expand platform adoption.
Super-scaled customer ARPU increased 17% to $1.8 million in the second quarter, exceeding Zeta’s 12-16% long-term model. Customers using more than one use case increased 90%, while those using five or more channels rose more than 50%. Cross-sell and upsell deals also grew 43%, indicating that customers are expanding beyond initial platform deployments.
Beat-and-Raise Record Improves VisibilityThe second quarter marked Zeta’s 20th consecutive beat-and-raise quarter. Management lifted its 2026 revenue guidance midpoint to $1.82 billion and raised the adjusted EBITDA midpoint to approximately $405 million. Free cash flow guidance increased to a midpoint of $255 million, representing 63% conversion of adjusted EBITDA.
Zeta also raised its full-year GAAP earnings guidance to 9-11 cents per share after generating second-quarter GAAP net income of $8.2 million, or 3 cents per share. However, the company still posted a $5.1 million GAAP net loss for the first half, making continued second-half operating leverage important.
Marigold integration savings contributed to second-quarter efficiency gains across research and development, general and administrative, and sales and marketing expenses. Cross-selling Marigold’s loyalty offerings with Zeta’s acquire-and-grow use cases provides an additional expansion opportunity.
Cash Generation and Buybacks Support ShareholdersSecond-quarter free cash flow increased 73% year over year to $58 million, while operating cash flow rose 65% to $69 million. Zeta repurchased approximately 1.65 million shares for $29.9 million during the quarter.
As of July 30, the company had spent $74.6 million on share repurchases in 2026 and had approximately $89.4 million remaining under its authorization. Stronger cash generation and active repurchases support shareholder value while giving Zeta flexibility to fund growth initiatives.
Channel Mix and Agency Exposure Warrant CautionZeta’s cost of revenues represented approximately 41% of second-quarter revenues, up 300 basis points year over year, primarily because new agency customers initially adopted higher-cost social channels. Although the ratio improved 10 basis points sequentially and social remains accretive to adjusted EBITDA and free cash flow, slower migration toward Zeta-owned channels could restrain gross-margin improvement.
Management expects third-quarter adjusted EBITDA margin of 24.4-24.7%, up from 20.7% in the second quarter. Achieving this improvement depends on integration savings, expense leverage and a favorable channel mix.
Discretionary industries were among the strongest contributors to first-quarter pipeline growth, while agencies typically have longer payment cycles. Consequently, macroeconomic weakness or slower campaign spending could introduce variability in revenue and cash-flow timing.
Earnings Estimates Remain EncouragingThe Zacks Consensus Estimate for third-quarter 2026 revenues is pegged at $470.48 million, implying 39.5% year-over-year growth. The consensus estimate for earnings of 28 cents suggests growth of 27.3%.
For 2026, the consensus estimate indicates revenues of $1.82 billion and earnings of 98 cents per share, representing respective increases of 39.4% and 34.3%. Revenues and earnings are projected to grow another 14.4% and 26.9%, respectively, in 2027.
Last WordsZeta’s strong AI adoption, expanding pipeline, Marigold synergies and improving cash generation argue against exiting the stock. Nevertheless, channel-mix pressure, discretionary exposure and dependence on second-half execution temper the near-term upside.
The company’s Zacks Rank #3 (Hold) appropriately captures this risk-reward balance. Existing investors may continue holding ZETA while monitoring margin progression, Athena monetization and the transition of agency spending toward Zeta-owned channels.
Stocks to ConsiderA couple of better-ranked stocks in the broader Business Services sector are Bright Horizons Family Solutions Inc. (BFAM - Free Report) and CBIZ, Inc. (CBZ - Free Report) .
Bright Horizons Family Solutions carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 13.9%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BFAM delivered a trailing four-quarter earnings surprise of 7.6%, on average.
CBIZ also carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 11.6%.
CBZ beat earnings estimates in three of the last four quarters and missed once, with an average earnings surprise of 8.9%.
Zeta Global zvýšila výhled organického růstu za 3. čtvrtletí na zhruba 23,5 % a navýšila celoroční výhled tržeb o 33 milionů USD i výhled volného cash flow o 20 milionů USD.
Palantir’s Valuation Problem Just Met 2 New Growth CatalystsZeta Global NYSE: ZETA executives outlined the company’s strategy to consolidate marketing technology tools, expand adoption of its artificial intelligence products and pursue joint-selling opportunities through partnerships during KeyBanc’s Technology Leadership Forum in Park City, Utah.
Chris Greiner, Zeta Global’s chief financial officer, said the company primarily serves large enterprises across all 15 industry verticals. Its top 10 verticals represent about 90% of revenue, with no concentration in one or two sectors, he said. Greiner added that eight of its top 10 verticals grew more than 20% in the prior quarter.
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As Digital Ad Spend Hits a High, These Firms Could Reap RewardsZeta’s platform is designed to support marketers’ efforts to retain customers, increase wallet share among existing customers and acquire new customers across digital channels. Greiner said the company can typically replace eight to 12 vendors during an initial implementation, positioning Zeta as a consolidation point for brands managing numerous marketing point solutions.
Data Cloud and Athena Adoption Will Margiloff, Zeta’s chief growth officer and vice chairman, said the company’s data asset is the largest open-web, non-walled-garden dataset. He said the data can help customers enrich their understanding of existing consumers and identify prospective customers with attributes similar to their best customers.
The Next Market Leaders? 5 Growth Stocks to Watch in 2026The company has also introduced Athena, a conversational AI interface intended to make Zeta’s platform easier for marketers to use. Greiner said customers had previously found the breadth of Zeta’s platform potentially intimidating, even as they recognized the value of its data and capabilities.
About 140 to 150 days after Athena became generally available, 40% of Zeta’s approximately 200 “super scaled” customers, or those generating more than $1 million in annual revenue, were monthly active users, Greiner said. He added that 83% of those customers’ platform interactions were conversational.
Greiner said conversational usage has led to the creation of more audiences and campaigns, which could support subsequent usage revenue when clients activate campaigns through channels such as connected television, email, mobile, audio and social media.
Margiloff said Athena could reduce the implementation hurdle historically associated with marketing technology, allowing users to interact with the platform without needing to be technical specialists.
Agency and Palantir Opportunities Zeta is also using its platform and data to deepen relationships with marketing agency holding companies, according to Margiloff. He said agencies can use Zeta’s Data Cloud not only to serve their existing marketer clients, but also to develop more informed pitches for prospective clients. If agencies win those clients, they may then use Zeta’s platform to support the business, he said.
Greiner also discussed Zeta’s partnership with Palantir Technologies and its Foundry platform. The relationship includes joint revenue and customer-count goals, he said, and Zeta has identified a pipeline of existing U.S. commercial Palantir customers that spend more than $1 billion on marketing. Greiner characterized that opportunity as incremental to Zeta.
He described Palantir’s role as helping enterprises create a machine-readable “digital twin” of data within their operations, while Zeta provides intelligence about customers and prospects outside an organization’s walls. The initial joint use cases are expected to focus on intelligence and Data Cloud utilization, which Greiner said would be analytics-based, higher-margin revenue.
Over time, he said the relationship could potentially develop media-related applications that help customers act on insights through programmatic advertising, email and other channels, though such uses are not currently planned.
Growth, Profitability and Capital Allocation Greiner said Zeta’s revenue consists of approximately 60% recurring revenue, including data-cloud licensing, marketing-platform subscriptions and contractual minimum usage commitments. The remaining 40% is largely generated through annual price-times-quantity contracts for channel usage.
The company raised its third-quarter organic-growth outlook to about 23.5%, excluding political candidate revenue, Greiner said. He cited pipeline visibility, a 60% increase in pipeline growth, sales productivity improvements and larger deals as factors supporting the outlook. Deals won during the quarter increased in size by 40%, while the size of deals in the pipeline rose 25%, he said.
Greiner said Zeta raised full-year revenue guidance by $33 million and free-cash-flow guidance by $20 million. He attributed margin expansion to efficiencies in research and development, sales and marketing, and general and administrative spending, along with lower capital expenditures as a percentage of revenue.
The company is continuing to hire engineering specialists through Zeta Labs and add quota-carrying sales staff, though at a slower rate than in prior years, Greiner said. He also said Zeta expects stock-based compensation as a percentage of revenue to continue declining and reported year-to-date dilution of 0.1%.
On capital allocation, Greiner said there are no imminent acquisitions in the pipeline despite Zeta’s refinanced $1 billion debt facility. He said the company views share repurchases as attractive and has modeled using at least 50% of quarterly cash generation for buybacks, while averaging closer to 60% to 70%.
Executives said AI adoption could strengthen customer retention rather than create disintermediation risk. Greiner said Zeta customers adopting its AI tools are growing about four times faster than customers that have not yet adopted them, while AI-adopting clients also have the highest net revenue retention. He added that customer relationships have extended from roughly 48 months to more than 56 months.
About Zeta Global (NYSE:ZETA)Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.
At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Zeta Global oznámila za 2. čtvrtletí výnosy 443 milionů USD, meziročně o 44 % více, a už 20. kvartál po sobě překonala odhady i zvýšila výhled. Firma zároveň zvýšila celoroční výhled výnosů, upravené EBITDA i volného peněžního toku.
Palantir’s Valuation Problem Just Met 2 New Growth CatalystsZeta Global NYSE: ZETA reported second-quarter 2026 revenue of $443 million, up 44% from a year earlier, or 28% excluding revenue from mergers and acquisitions. The company said the result marked its 20th consecutive quarter of beating and raising its outlook.
Adjusted EBITDA rose 56% year over year to $92 million, producing a 20.7% margin that expanded 170 basis points. Zeta also reported GAAP net income of $8.2 million, or $0.03 per share, compared with a net loss of $12.8 million in the prior-year quarter. Free cash flow reached $58 million, an increase of 73% from a year earlier.
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As Digital Ad Spend Hits a High, These Firms Could Reap Rewards“We delivered our 20th consecutive beat and raise quarter,” Co-Founder, Chairman and CEO David Steinberg said. He described Zeta as evolving beyond its historical marketing-technology positioning into an “intelligent AI infrastructure platform,” with marketing as its first application rather than its sole focus.
Guidance Raised Across Revenue, Profit and Cash Flow Based on its second-quarter performance, Zeta raised the midpoint of its full-year revenue outlook by $33 million to $1.818 billion. The updated forecast implies 39% annual revenue growth, or 25% growth excluding M&A and political candidate revenue.
Third-quarter revenue is expected to be $471 million at the midpoint, up $10 million from prior guidance. Full-year adjusted EBITDA guidance was increased by $8 million at the midpoint to $405 million. Third-quarter adjusted EBITDA is forecast at $115 million at the midpoint, up $3 million from the previous outlook. Full-year free-cash-flow guidance rose by $20 million at the midpoint to $255 million. Full-year GAAP EPS guidance increased to a midpoint of $0.10, compared with the prior range of $0.02 to $0.04. The Next Market Leaders? 5 Growth Stocks to Watch in 2026Chief Financial Officer Chris Greiner said the outlook retains a 2% to 5% cushion and assumes minimal contribution from new partnership-related revenue. The company maintained its prior second-half outlook for political candidate revenue of $7 million in the third quarter and $8 million in the fourth quarter.
Greiner said Zeta’s full-year GAAP EPS outlook excludes the possible impact of a one-time tax benefit associated with the release of a valuation allowance, which he said has a reasonable probability of occurring later in the year.
AI Adoption and Platform Usage Zeta highlighted adoption of Athena, its conversational AI offering, as a driver of engagement and expansion. Since Athena became available to enterprise customers about 130 days ago, more than 40% of super-scaled customers have become monthly active users, according to Greiner. Super-scaled customers are those with at least $1 million in annual revenue.
The company said 83% of Athena customer interactions are now spoken. Steinberg said OpenAI powers Athena’s voice functionality, while Zeta’s own inference models make decisions using the company’s Data Cloud. He said no large language models access data within Zeta’s Data Cloud.
According to Zeta, the 20% of its overall customer base that has comprehensively adopted its AI tools accounts for roughly 70% of revenue. Among super-scaled customers, the 50% that have comprehensively adopted those tools produce 75% of super-scaled customer revenue. These AI-focused users grew four times faster than customers still early in adoption, Greiner said.
Zeta also said the customers with the most extensive AI adoption had year-to-date net revenue retention 400 basis points above the company-wide level and more than 20 percentage points above customers with lower adoption. The company said its super-scaled customer relationships average 56 months, compared with 48 months several years ago.
Steinberg added that 90% of new code generated during the quarter was automated, up from 75% in the first quarter. He said this has shortened product-development cycles and allowed Zeta to respond more quickly to customer requests.
Customer Growth, Sales Productivity and Partnerships Zeta ended the quarter with 197 super-scaled customers, up 17% year over year. Quarterly average revenue per super-scaled customer was $1.8 million, also up 17%. Greiner said both growth measures exceeded the company’s longer-term model assumptions.
The company pointed to cross-selling activity under its One Zeta initiative and following its Marigold acquisition. Customers using more than one use case increased 90% year over year, while customers using five or more channels rose more than 50%. Cross-sell and upsell deals won during the quarter increased 43%.
Zeta said its total sales pipeline increased more than 60% from a year earlier and by more than $100 million over the preceding 90 days. Pipeline creation per seller more than doubled year over year, while average contract values on closed deals rose more than 40%. Quota-carrying headcount totaled 198, up 11% from a year earlier and one employee sequentially.
The company cited demand across consumer and retail, telecommunications, healthcare, financial services and automotive. Eight of its top 10 industries grew more than 20% year over year on a trailing-12-month basis, Greiner said.
Steinberg said Zeta is seeing a marketing-cloud replacement cycle among large enterprises. He cited Gap as a customer that selected Zeta under a multiyear agreement as its system of record for a next-generation marketing stack. Steinberg said Zeta displaced Salesforce and three other vendors in that deployment.
Expansion Beyond Marketing Zeta also discussed Zeta Business Intelligence, or ZBI, which it said expands the platform into a fourth use case beyond customer acquisition, growth and retention. Steinberg described ZBI as a tool for using business and customer data to make predictions and take action in real time, rather than simply creating static reports.
He said initial ZBI applications include helping a sports and entertainment company evaluate entertainment spending and streaming-distribution relationships, as well as helping an energy drink brand quantify its impact on retail partners. Zeta is being “pulled into” such uses by customers, Steinberg said, and is productizing customer requests by industry.
The company also highlighted expanded relationships with OpenAI, Snowflake and Palantir. Zeta said its Data Cloud was fully integrated with Palantir Foundry as of July 31 and that it had already secured multiple initial combined-sale agreements. Steinberg said the Foundry integration is complete and seamless for customers.
During the quarter, Zeta deployed $29.9 million to repurchase 1.6 million shares. Through July 30, it had spent $74.6 million on repurchases and had approximately $89.4 million remaining under its authorization. The company also closed a new $1 billion credit facility, including a $250 million term loan and an undrawn $750 million revolving credit facility.
About Zeta Global (NYSE:ZETA)Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.
At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Should You Invest $1,000 in Zeta Global Right Now?Before you consider Zeta Global, you'll want to hear this.
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While Zeta Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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Zeta Global za týden vzrostla o 12,9 % poté, co tržby ve 2. čtvrtletí stouply o 43,5 % na 442,8 milionu USD a společnost zvýšila výhled tržeb na 1,811–1,824 miliardy USD v roce 2026.
Key Takeaways Zeta Global shares rose 12.9% as Q2 revenues jumped 43.5% and adjusted EBITDA climbed 56% y/y.ZETA raised 2026 revenue guidance to $1.811-$1.824 billion as its sales pipeline expanded more than 60%.Zeta Global saw Athena adoption rise as customer metrics improved, though margin and integration risks remain. Zeta Global Holdings Corp. (ZETA - Free Report) shares gained 12.9% in the past week as investors weighed accelerating growth, improving customer metrics and a higher 2026 outlook.
The rally raises a tougher question. Can stronger execution and rising AI adoption support additional gains as expectations, integration work and near-term margin demands also increase?
ZETA's Rally Follows a Strong Q2 BeatSecond-quarter revenues rose 43.5% year over year to $442.8 million, topping the consensus mark by 5.4%. Non-GAAP earnings of 21 cents per share beat estimates by 5%, while adjusted EBITDA climbed 56% to $92 million.
Zeta also raised full-year 2026 revenue guidance to $1.811-$1.824 billion. At the midpoint, the outlook implies about 39% year-over-year growth. Free cash flow guidance increased to $254.8-$255.8 million, giving investors another measure of operating progress.
Zeta's Pipeline Supports Further GrowthThe sales pipeline expanded more than 60% year over year and increased by more than $100 million during the prior 90 days. Pipeline creation per seller more than doubled, indicating that productivity is improving alongside the larger opportunity set.
Average contract values on deals won rose more than 40%. That mix matters because larger wins can support future revenue growth, although long sales cycles can make the timing of conversion uneven from quarter to quarter.
ZETA's AI Adoption Deepens Customer ValueMore than 40% of super-scaled customers became monthly active Athena users within 130 days of its enterprise launch. Super-scaled customer average revenue per user reached $1.8 million, up 17% year over year, while the customer count rose 17% to 197.
Zeta said momentum from collaborations with Snowflake Inc. (SNOW - Free Report) and Palantir Technologies Inc. (PLTR - Free Report) is supporting its AI positioning. Snowflake operates an AI Data Cloud spanning data engineering, analytics and AI, while Palantir's Artificial Intelligence Platform connects AI with enterprise operations. Those relationships broaden Zeta's ecosystem as Athena adoption develops.
Zeta Still Faces Margin and Timing RisksNew agency business that initially ramps through social channels can lift GAAP cost of revenues before customers move toward Zeta-owned channels. That creates a potential margin timing issue even when customer activity is expanding.
Other risks remain. Zeta cites acquisition integration, including Marigold's Enterprise Business, as a potential execution challenge. Customer spending can also be affected by broader economic conditions, while Athena usage may precede monetization and produce uneven near-term results.
ZETA's Mixed Signals Temper the RallyThe stock currently carries a Zacks Rank #3 (Hold), which points to a neutral near-term earnings-revision signal rather than a clear bullish call. You can see the complete list of today’s Zacks #1 Rank stocks here.
That tempers the price move even as revenue growth, customer expansion and guidance have improved.
ZETA has a Growth Score of A, highlighting favorable growth characteristics, but its Value Score of D and Momentum Score of F are less supportive. The VGM Score of C reflects that mixed profile. The latest operating trends strengthen the fundamental case, but the Rank and Style Scores suggest investors should balance that progress against valuation, momentum and estimate-revision considerations.
Zeta Global po výsledcích klesla na 23 USD z týdenního maxima 24,45 USD, protože investoři vybírali zisky. Tržby ve čtvrtletí vzrostly o 44 % na 443 milionů USD a firma zvýšila výhled na třetí čtvrtletí.
Zeta Global stock pared back some of its gains from earlier this week as investors booked profits following its earnings report. It retreated to $23 from this week’s high of $24.45. It remains about 65% above the lowest level this year, giving it a market capitalization of over $6 billion.
In a statement on Tuesday, Zeta Global, a top company in the marketing space, announced that its revenue growth accelerated during the last quarter.
Its revenue jumped by 44% as more companies continued moving into its platform. It made $443 million during the quarter, up by $23 million from the midpoint of its previous guidance. In this, the number of super-scaled customers increased to 197, up by 17% YoY, with the average revenue per user (ARPU) moving to $1.8 million.
This growth has been boosted by its collaborations with companies like OpenAI, Snowflake, and Plantir. As a result, the management believes that it has moved to an inflection point as these collaborations have brought together capabilities it has spent years building. In a statement, the CFO said:
“Our first-half performance and pipeline visibility gives us the confidence to significantly increase the midpoint of our revenue, adjusted EBITDA, free cash flow and GAAP EPS expectations.”
In this, it increased the guidance for the third quarter to between $469 and $472 million, up by $10 million from the previous guidance. This growth excludes the temporary benefit from its political business and its mergers amnd acquisition.
Additionally, the management expects that the annual revenue will grow to between $1.81 billion and $1.82 billion, with the annual EBITDA jumping to between $401 million and $406 million. The free cash flow is expected to jump to about $235 million.
These numbers mean that the company’s growth is supercharging, which may help to justify its valuation, which is not all that big. The company has a forward price-to-earnings ratio of 24, and a rule-of-40 metric of 64%.
Most analysts tracking Zeta have a bullish rating for the company, with the consensus target being $28, up by 16.70% from the current level. In its recent rating, Freedom Capital maintained a strong buy rating, while Bank of America hiked the target from $24 to $28. DA Davidson hiked the target to $30.
Zeta Global stock chart | Source: TradingView
The daily chart shows that the Zeta Global share price jumped from a low of $10.68 in April 2025 to a high of $24.60 this week. It has jumped above the 50-day Exponential Moving Average (EMA).
There are signs that the stock has formed an ascending triangle pattern, a common bullish continuation sign in technical analysis. It has soared above the Ichimoku cloud and the Supertrend indicators.
Therefore, the most likely scenario is where the stock resumes the uptrend, potentially to the year-to-date high of $26. A move above that level will point to more gains in the long term, potentially to $27.85, its highest level in December 2024.
Zeta Global Holdings vykázala za čtvrtletí EPS 0,18 USD, což bylo pod odhadem 0,2 USD. Tržby dosáhly 442,77 milionu USD a překonaly konsensus o 5,36 %.
Zeta Global Holdings (ZETA - Free Report) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10.00%. A quarter ago, it was expected that this cloud-based marketing technology company would post earnings of $0.13 per share when it actually produced earnings of $0.14, delivering a surprise of +7.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Zeta, which belongs to the Zacks Technology Services industry, posted revenues of $442.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.36%. This compares to year-ago revenues of $308.44 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Zeta shares have added about 10.9% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Zeta?While Zeta has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Zeta was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $459.75 million in revenues for the coming quarter and $0.98 on $1.79 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Viant Technology (DSP - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.
This advertising software company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Viant Technology's revenues are expected to be $99.9 million, up 28.3% from the year-ago quarter.
Live Coverage Updates appear automatically as they are published.
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This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. You’ll get expert analysis of Zeta’s earnings.
Simply stay on this page, and new updates will appear below automatically. We expect Zeta Global to release earnings shortly after 4:05 p.m. ET.
54 minutes ago
Live
Ahead of tonight’s report from Zeta Global (NYSE:ZETA), here’s what to listen for on the call:
Top 5 Analyst Questions: Is Athena monetization showing up in Q2 ARPU or bookings yet? How much of the guide raise is Marigold vs. organic? Update on the securities fraud lawsuit moving to discovery? Path to GAAP net income positive for FY2026? Super-Scaled Customer additions beyond 189? Key Topics, Buzzwords, and Red Flags: Key topics: political revenue cadence, RPO growth, 75% auto-generated code, 2028 targets. Buzzwords: “Rule of 67,” “AI-driven marketing cloud replacement cycle,” “vendor consolidation,” “600% ROI,” “SuperGraph.” Red flags: ARPU deceleration, $53M quarterly stock-based comp, Marigold churn, Athena adoption stalls, and any softening of the $1.785 billion revenue midpoint. Shares trade at $23.64, up 49.6% over the past year and up 4.70% today alone, so expectations are elevated.
56 minutes ago
Live
Zeta Global (NYSE:ZETA) heads into tonight’s earnings with a divided setup. Here’s how each side is framing it.
Bull Case Athena drove 7x more agentic interactions and 60% of AI platform usage in its first week, with minimal contribution baked into guidance. Super-Scaled ARPU hit $1.7M, up 21% YoY, and the sales pipeline is up 40% year-over-year. CFO flagged results pacing to the high end of full-year GAAP EPS guidance. Bear Case Beat magnitudes have narrowed from 7% to 2.89% across recent quarters. Organic growth ex-Marigold and political runs 22%-23% versus a 36%-37% headline. Stock-based comp hit $53 million in Q1, keeping GAAP losses persistent. Shares already up 49.6% over one year raise the bar for a reaction. 1 hour ago
Live
Zeta Global reports Q2 2026 results after guiding for revenue between $419-$422 million, representing 36% to 37% year-over-year growth.
The company’s Athena AI platform will take center stage, with investors looking for proof that rising adoption is translating into meaningful revenue.
Super-Scaled Customer average revenue per user will offer another important signal about whether Zeta is successfully expanding its largest enterprise relationships.
Zeta shares are up 5% intraday to $23.62 and have already gained 49.6% over the past year. Wall Street remains firmly bullish, with 12 buy ratings, two holds, no sells, and a consensus price target of $28.68, implying 22.15% upside.
Another guidance increase, paired with evidence that Athena is driving monetization, would strengthen Zeta’s AI replacement-cycle thesis. A weaker report could reopen questions about how quickly growth will normalize once political spending and the Marigold acquisition’s tailwinds begin fading.
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Zeta Global (NYSE:ZETA) is expected to report Q2 2026 results tonight at around 4:05 PM ET. The AI marketing cloud enters the earnings report riding a 19 consecutive quarter streak of beat-and-raises.
Momentum Meets a Higher Bar Last quarter, Zeta posted revenue of $396.30 million, growing 49.9% year over year and clearing consensus by 7.00%. Adjusted EBITDA reached $66.14 million, and free cash flow rose 30% to $41.68 million.
Super-Scaled Customers hit 189, with ARPU climbing 21% to $1.70 million. Since then, the stock is up 10.86% year-to-date and 8.99% over the past month, with sentiment tilting bullish.
Consensus Estimates Metric Q2 2026 Guide YoY Change FY 2026 Guide Revenue $419M-$422M +36% to 37% $1,779M-$1,792M Adj. EBITDA $86.2M-$86.9M Margin 20.4%-20.8% $396.2M-$398.4M Free Cash Flow N/A N/A $234.5M-$235.5M Tonight’s setup implies a deceleration in growth from Q1’s 49.9% pace, though organic growth ex-Marigold and political still lands at 22%-23%. Management is guiding to positive GAAP net income for the full year, suggesting this quarter could mark a real inflection.
Athena Traction and Margin Discipline Take Center Stage Tonight, I’ll be watching Athena adoption data closely. In its first week of general availability, Athena drove 60% of AI usage on Zeta’s platform and a 7x increase in agentic interactions. CEO David Steinberg framed it plainly: “Zeta is the disruptor in the AI-driven replacement cycle.”
Analysts will also focus on Super-Scaled Customer ARPU and multi-use case penetration. Last quarter, customers using multiple use cases grew over 50% year-over-year, and net retention stayed above the 110% to 115% target range. Any deceleration here would test the AI thesis.
I’ll also track the adjusted EBITDA margin against the 20.4%-20.8% guide, plus the Marigold integration synergies flagged by CFO Christopher Greiner. Stock-based comp of $53 million in Q1 remains a governance overhang worth monitoring. Pipeline commentary matters, too, with management citing a 40% year-over-year increase in pipeline.
Earnings History Quarter Revenue Beat Earnings Day 1-Week After 30-Day After Q1 2026 +7.00% +0.98% -7.85% +25.11% Q4 2025 +4.06% +5.12% +5.1% -18.49% Q3 2025 +2.89% +19.4% +2.66% -3.81% Q2 2025 +3.96% +27.47% -8.85% -8.21% On average, shares moved -2.23% in the week after earnings over the past year.
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It's not every day that a business can invest $1 into a marketing campaign and turn it into $7. However, it's actually quite common for Zeta Global's (ZETA -5.47%) customers.
Zeta CEO David A. Sternberg touted "an average 600% return on marketing spend for our customers," but the company's stock is only up by 8% this year. While investors shouldn't expect the stock to rise by 600% in a single year, it's hard to imagine that its shareholder returns will stay modest for long if the company continues to execute.
Image source: Getty Images.
Zeta is capitalizing on agentic AI Zeta touts itself as an AI marketing cloud platform that helps businesses run data-driven marketing campaigns. Its AI agents make it easier for marketers to analyze consumer behavior, and more than half of Fortune 500 companies use its platform.
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Athena by Zeta acts as the brains behind the operation. It can analyze results from a company's past marketing campaigns and determine which actions can yield the highest ROI. The Zeta Marketing Platform lets enterprises gather all of their marketing campaign data in the same place, which lets Athena provide more accurate recommendations.
Zeta's progress with agentic AI has attracted Palantir's attention. The two companies announced a strategic partnership that Sternberg anticipates can generate more than $100 million in annual recurring revenue for his company in the future.
Artificial intelligence is revolutionizing many industries, including marketing. According to a forecast by Grand View Research, the marketing technology industry will grow at a compound annual rate of 20.1% through 2033 to a value of $2.38 trillion. If Zeta can get a larger slice of that pie through its AI-powered marketing platform, it could outperform the S&P 500 over an extended period of time.
Growth in super-scaled customers lifts the entire business Although Zeta's stock has posted moderate gains so far this year, its fundamentals continue to grow significantly. In Q1, the company delivered its 19th consecutive "beat and raise" quarter as overall revenue surged by 50% year over year.
Super-scaled customers were a big part of that successful quarter. Zeta defines this group of customers as enterprises that generate more than $1 million in annual recurring revenue for the company. Zeta now has 189 super-scaled customers, up by 19% year over year, with an average revenue per user of $1.7 million. That means the company is bringing in approximately $321.3 million per year from those 189 customers.
Zeta currently anticipates 37% year-over-year revenue growth in 2026, but it's possible that its growth rate will outpace that. After all, the company has beaten estimates and raised guidance every quarter for almost five years.
Many of its super-scaled customers upgrade their plans as their needs evolve. It's also easier for these enterprises to pay for more expensive plans once they see high ROIs from Zeta's platform.
If the company can finally report consistent profits, that could be a major catalyst for the stock. Right now, its net profit margins are in the negative, but not by much. Zeta still has good top-line scaling, and once it becomes profitable, net income could scale up quickly as well. Zeta has already guided for positive GAAP net income for 2026, implying that this will happen sooner rather than later.
Zeta Global v 1. čtvrtletí 2026 zvýšila tržby o 50 % a Athena zaznamenala v prvním týdnu více než sedminásobný růst agentických interakcí. Marže ale tlačí nahoru vyšší náklady na social aktivitu vedenou agenturou.
Key Takeaways ZETA's 2026 outlook hinges on AI platform growth and margins pressured by agency-led social activity.Revenues rose 50% in Q1 2026, with nine of its top 10 industries growing more than 20%.Athena usage expanded as agentic interactions rose more than sevenfold in the first week. Zeta Global Holdings Corp. (ZETA - Free Report) is entering the rest of 2026 with a clear growth story and a less settled margin story. Its AI-powered marketing platform is gaining traction as enterprises consolidate vendors.
That matters because usage, revenue and platform depth are improving together. The question is whether Zeta can turn those gains into steadier profitability as agency-led business ramps through higher-cost channels.
What is Driving ZETA Growth Now?Zeta’s growth signals remain broad-based. Revenues increased 50% year over year in the first quarter of 2026, with nine of its top 10 industries growing more than 20%. Its sales pipeline expanded roughly 40%.
Image Source: ZETA
The demand profile points to enterprise consolidation rather than a narrow product cycle. Customers are using Zeta across email, connected TV, mobile and social as they seek fewer vendors, faster execution and clearer performance measurement.
The Trade Desk, Inc. (TTD - Free Report) offers a useful comparison of digital advertising platforms, while LiveRamp Holdings, Inc. (RAMP - Free Report) fits the discussion because data collaboration and identity remain central to marketing technology workflows.
How Zeta is Building Deeper Platform UseAthena is becoming more than a feature layered onto the existing platform. Zeta made Athena generally available to all enterprise customers in the first quarter of 2026, and agentic interactions rose more than sevenfold in the first week.
The usage data suggest customers are expanding within the platform. Super-scaled average revenue per user rose 21% year over year to $1.7 million, while multi-use-case customers increased more than 50% and customers using more than three channels rose roughly 40%.
Image Source: ZETA
That pattern supports the view that platform depth and customer lifetime value may be improving together. If customers automate more workflows across acquire, grow and retain use cases, Athena could help widen deal sizes, although 2026 guidance assumes minimal contribution.
Why ZETA Margins Face Near-Term PressureThe margin debate is the main offset to the growth case. In the first quarter of 2026, GAAP cost of revenue rose to 41% as new agency wins initially ramped through social channels, a mix with less favorable gross economics.
Adjusted earnings before interest, taxes, depreciation and amortization margin was 16.7%, down 100 basis points year over year. That decline came even as adjusted earnings before interest, taxes, depreciation and amortization increased 42%.
Management expects social-led agency activity to become accretive to adjusted earnings before interest, taxes, depreciation and amortization and free cash flow as spending shifts into Zeta-owned channels. If onboarding remains weighted toward social, margins could lag expectations into the early second half of 2026.
What Recent Zeta News Means for InvestorsOn June 23, 2026, Zeta and Palantir announced a partnership to create an AI infrastructure layer connecting operational intelligence, customer intelligence and marketing execution.
Zeta also expanded Athena to agencies on June 18, 2026, with Athena for Insights and Measurement available in beta to agency partners. That could broaden distribution, although conversion into paid deployments remains an execution item.
The company’s participation in Snowflake-led Open Semantic Interchange adds another layer to the strategy. The initiative aims to improve interoperability across AI and analytics tools, which could reduce integration friction for enterprise customers.
How ZETA Signals Fit the ThesisZeta’s business setup looks promising, but the stock still carries execution risk. Growth is broad, Athena usage is rising and recent partnerships may improve distribution and interoperability, yet margins remain a near-term constraint.
ZETA currently carries a Zacks Rank #4 (Sell), reflecting weak earnings estimate revision trends over the next 1 to 3 months. That rank tempers the appeal of operating momentum, especially with the current-year earnings estimate down 1.1% over the past four weeks.
The Style Scores show a split picture. ZETA has a Growth Score of A, reflecting favorable growth characteristics, but a Momentum Score of F, indicating weak timing characteristics. Its Value Score of D limits the valuation argument, while the VGM Score of B supports a better combined profile.
For investors, the signal is not one-sided. The business story supports continued attention, but the Zacks Rank and weaker Momentum Score suggest patience may be warranted until margin execution and estimate revisions improve.
ZETA currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SummaryZeta delivered its 19th consecutive beat-and-raise quarter while underlying revenue growth accelerated to 29% excluding acquisitions.Athena generated seven times more agent interactions, helping drive 21% ARPU growth and over 50% multi-use-case expansion.Super-scaled customers increased 19% to 189, while the sales pipeline expanded approximately 40% year over year.Despite improving fundamentals and approaching GAAP profitability, Zeta trades at only 2.6x forward revenue and 12x EBITDA. kontekbrothers/iStock via Getty Images
My view on Zeta Global (ZETA) has become more bullish over the last several quarters but not because the stock is cheap or because AI has suddenly become a more attractive narrative. What changed is
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ZETA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Zeta Global po oznámení strategického partnerství s Palantir Technologies vyskočila, protože dohoda má vybudovat jednotnou datovou a AI infrastrukturu. Akcie pak uzavřely na 19,50 USD.
Zeta Global stock price jumped on Tuesday after the company intensified its pivot towards artificial intelligence (AI) by partnering with Palantir Technologies. It jumped to $20.50, and then pared back some of those gains to close at $19.50. So, will this partnership boost ZETA shares in the near future?
Zeta Global is a top company in the adtech industry, where it provides the Zeta Marketing Platform (ZMP) that is used by companies and advertising agencies. ZMP analyzes structured and unstructured data points to predict consumer behavior.
Zeta also offers the Consumer Data Platform (CDP) that ingests, analyzes, and distills data points to generate a single view of a consumer. Some of the top clients include companies like T-Mobile, Renault, Generali, Samsung, and General Mills.
Zeta Global stock jumped after announcing a strategic partnership with Palantir. This deal will help the company build a unified data and AI infrastructure, with Athena by Zeta being at the center.
READ MORE: Zeta Global stock soared after Snowflake OSI entry: what next?
The deal will pair two complementary platforms: Palantir Foundry and Zeta Data Cloud. In this, Zeta Data Cloud will be rearchitected on Foundry, with Athena by Zeta, turning that data into decisions and measurable outcomes. In a statement, Alex Karp, Palantir’s CEO said:
“Palantir and Zeta are using Ontology to create a next-generation marketing environment, giving Zeta all the advantages of AI while protecting against many of the known dangers. Bringing together containerized architecture and AI in the context of marketing will transform this industry.”
The announcement came at a time when its business is continuing its growth trajectory. Its revenue grew by 50% to $396 million, while its cash from operations soared by 43% to $50 million. This growth accelerated as 9 of the ten verticals it focuses on continued growing.
Most notably, the company boosted its revenue and profitability growth. It now expects that its revenue will grow by 37% this year, while its adjusted EBITDA margin moving to 22.3%.
The company’s customers continue to boost their spending, which has helped its average revenue per user (ARPU) gain momentum. Also, the management expects that its organic annual revenue will jump to $2.3 billion in 2028 from the estimated $1.78 billion. Its adjusted EBITDA is expected to move to $573 million that year from this year’s $397 million.
There are also signs that the company is not all that overvalued, especially based on the rule-of-40 multiple. Its annual revenue growth this year is expected to be 37%, while its EBITDA margin is expected to be 6%, giving it a multiple of 42%.
Zeta stock chart | Source: TradingView
The daily chart shows that the Zeta share price formed a double-bottom pattern at $14.48 and a neckline at $19.5. This pattern explains why it jumped to a high of $26 on June 2nd.
Most recently, the stock has pulled back as investors booked profits. It has remained above the 200-day Exponential Moving Average (EMA) and the 61.8% Fibonacci Retracement level.
Therefore, the most likely scenario is where it loses momentum after forming a doji candlestick pattern. If this happens, it may move below the 200-day EMA and then rebound later this year.
