Zeta: Waiting For The ARPU Growth Reaccelerating
ZETA's Q3 revenue grew 26% year-over-year, beating consensus, while adjusted EBITDA surged 51%, though ARPU growth slowed significantly. Despite ARPU headwinds, ZETA's sustained guidance increases, operational leverage, and expanding customer base support a bullish long-term investment thesis. Management raised 2025 guidance and introduced an initial 2026 outlook, citing product innovation (Athena AI) and the Marigold acquisition as growth drivers.
The Hidden Engine Behind Zeta's Surge
Athena boosted operational leverage, driving Q3 2025 EBITDA margins to 23.2% and extending Zeta's 19-quarter margin streak. Revenue outlook targets $1.54B in 2026 and over $2.1B in 2028, supporting a 20% CAGR. Shares trade at ~3.2x 2026 P/S and ~2x 2028 P/S, far below comparable high-growth SaaS peers.
Zeta Global Holdings Corp. (ZETA) Analyst/Investor Day Transcript
Zeta Global Holdings Corp. (NYSE:ZETA ) Analyst/Investor Day October 8, 2025 8:30 AM EDT Company Participants Christopher Greiner - Chief Financial Officer Steven Gerber - President Matthew Mobley - Chief Operating Officer Neej Gore - Chief Data Officer Christian Monberg - CTO & Head of Product Ed See - Chief Growth Officer Jed Hartman - President of Activation Partnerships David Steinberg - Co-Founder, Chairman of the Board & CEO Pamela Lord - President of Customer Relationship Management Conference Call Participants Marc Brodherson Courtney Trudeau Sudarshan Mandayam Adam Potashnick Scott Berg - Needham & Company, LLC, Research Division Arjun Bhatia - William Blair & Company L.L.C., Research Division Elizabeth Elliott - Morgan Stanley, Research Division David Hynes - Canaccord Genuity Corp., Research Division Terrell Tillman - Truist Securities, Inc., Research Division Jackson Ader - KeyBanc Capital Markets Inc., Research Division Madeline Brooks - BofA Securities, Research Division Matthew Swanson - RBC Capital Markets, Research Division Jason Kreyer - Craig-Hallum Capital Group LLC, Research Division Conversation Christopher Greiner Chief Financial Officer Good morning, and thank you for joining us today, obviously, in person as well as those virtually.
Zeta Global Holdings Corp. (ZETA) M&A Call Transcript
Zeta Global Holdings Corp. (NYSE:ZETA ) M&A Call September 30, 2025 4:30 PM EDT Company Participants Matt Pfau David Steinberg - Co-Founder, Chairman of the Board & CEO Steven Gerber - President Christopher Greiner - Chief Financial Officer Conference Call Participants Arjun Bhatia - William Blair & Company L.L.C., Research Division Scott Berg - Needham & Company, LLC, Research Division Matthew Swanson - RBC Capital Markets, Research Division Zach Cummins - B.
Zeta Global Holdings Corp. (ZETA) Presents At Goldman Sachs Communacopia + Technology Conference 2025 Transcript
Zeta Global Holdings Corp. (NYSE:ZETA ) Goldman Sachs Communacopia + Technology Conference 2025 September 10, 2025 1:10 PM EDT Company Participants David Steinberg - Co-Founder, Chairman of the Board & CEO Christopher Greiner - Chief Financial Officer Conference Call Participants Gabriela Borges - Goldman Sachs Group, Inc., Research Division Carolyn Valenti - Goldman Sachs Group, Inc., Research Division Presentation Unknown Analyst I think we are ready to kick off. Thanks so much for joining us, Day 3 Goldman Sachs Communacopia and Technology Conference.
Zeta: Undervalued In A Crowded Market
I see the business generating around $150 million in free cash flow next year, with a good shot at hitting $180 million in 2026. At roughly 26x forward free cash flow, I think the stock is reasonably priced given the growth runway and operating leverage. I like that ZETA is sitting on about $170 million in net cash, which gives me comfort that the balance sheet is solid.
Zeta's Silent AI Surge Continues
Zeta's Q2 revenue grew 35% YoY to $308 million, beating guidance by $11 million and showing strong top-line momentum. Adjusted EBITDA rose 52% to $59 million, with margin expansion to 19.1%, while free cash flow increased 69% to $33.6 million. Direct platform revenue reached 75%, up from 67% last year, driven by agency flywheel and multi-channel adoption across scaled clients.
Zeta Global Holdings Corp. (ZETA) Q2 2025 Earnings Call Transcript
Zeta Global Holdings Corp. (NYSE:ZETA ) Q2 2025 Earnings Conference Call August 5, 2025 4:30 PM ET Company Participants Christopher E. Greiner - Chief Financial Officer David A.
Zeta Global Holdings (ZETA) Matches Q2 Earnings Estimates
Zeta Global Holdings (ZETA) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.13 per share a year ago.
ZETA Stock Before Q2 Earnings Release: To Buy or Not to Buy?
Zeta Global ZETA will report second-quarter 2025 results on Aug. 5, after market close.
Zeta Global Holdings (ZETA) Earnings Expected to Grow: Should You Buy?
Zeta (ZETA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zeta (ZETA) Moves 6.2% Higher: Will This Strength Last?
Zeta (ZETA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
