Zeta Global Holdings Corp (ZETA) PT Raised to $29 at RBC Capital
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Zeta Accelerates Revenue Growth and Achieves the “Rule of 50” in 2Q’24
July 31, 2024 4:05 PM EDTDelivered record quarterly revenue of $228M, up 33% Y/Y and $16M better than guidance Grew total Scaled Customer count to 468, an increase of 8 Q/Q and 43 Y/Y Increased quarterly Scaled Customer ARPU to $479K, up 22% Y/Y, 2x faster than 1Q24 Generated cash flow from operating activities of $31M, an increase of 51% Y/Y, and Free Cash Flow of $20M, an increase of 53% Y/Y Raising 2024 revenue guidance by $25M to a midpoint of $925M or 27% Y/Y growth
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