Zeta Global Holdings Corp (NYSE:ZETA) posted financial results for the first quarter on Thursday after the closing bell. Here’s a look at the key details from the report.
- Zeta Global Holdings stock is charging ahead with explosive momentum. Why are ZETA shares rallying?
Zeta Global Q1 Highlights
Zeta reported first-quarter revenue of $396.30 million, beating analyst estimates of $370.40 million, according to Benzinga Pro.
The AI marketing cloud company said total revenue was up 50% on a year-over-year basis. Zeta grew its super-scaled customer count to 189 in the quarter, up 19% year-over-year. Average revenue per user was $1.70 million for Super-scaled customers.
“Accelerating revenue growth to 50% and achieving the Rule of 67 in the first quarter is further evidence we are winning in this environment, powered by the system we have built: proprietary data that improves with every interaction, intelligence that compounds with every decision, and a platform with AI at its core that allows customers to consolidate vendors into a single, unified operating model. This results in an average 600% return on marketing spend for our customers,” said David Steinberg, co-founder, chairman, and CEO of Zeta.
Zeta expects second-quarter revenue to be in the range of $419 million to $422 million versus estimates of $415.51 million. The company also raised its full-year revenue guidance from a range of $1.75 billion to $1.76 billion to a new range of $1.78 billion to $1.79 billion versus estimates of $1.76 billion.
ZETA Shares Rise After The Close
ZETA Price Action: Zeta Global shares were up 5.27% in Thursday's after-hours session, trading at $19.39 at the time of publication, according to Benzinga Pro.
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