Zeta Global Holdings Corp (ZETA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.12

Last Year’s EPS

0.1

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong, broad-based growth and profitability momentum: record revenue acceleration, margin expansion, positive GAAP earnings, robust free cash flow generation and an upgraded 2026 outlook. Strategic initiatives (Athena, OpenAI partnership, SuperGraph data moat, One Zeta cross-sell and Marigold acquisition) show meaningful traction and upside potential. Challenges include higher cost of revenue driven by channel mix (social/CTV), working capital headwinds from agency payment cycles, customer concentration risk in super-scaled accounts, and conservative near-term assumptions for Athena and political revenue which temper but do not negate the overall progress. On balance, the positive operational and financial developments significantly outweigh the highlighted headwinds.

Company Guidance

Zeta raised 2026 guidance, increasing the revenue midpoint by $25M to $1.755B (35% YoY; 21% YoY excluding Marigold and political candidate revenue), assuming at least $190M from Marigold and $15M of political candidate revenue ($7M in Q3, $8M in Q4); Q1 midpoint revenue is $370M (up $8M vs prior, +40% YoY; +22% ex Marigold/political). The adjusted EBITDA midpoint was raised $6M to $391M (+40% YoY), implying a 22.3% margin (up ~92 bps vs 2025), with Q1 adjusted EBITDA midpoint $61.5M (+32% YoY; 16.6% margin). Free cash flow midpoint was increased $7M to $231M (+40% YoY), representing a 59% conversion of adjusted EBITDA. Management expects positive GAAP net income for full-year 2026, included minimal Athena-driven revenue in the guide, maintained a conservative 2–5 point cushion and quarter-to-quarter linearity, and raised its 2028 targets to $2.3B revenue (CAGR 23%), $573M adjusted EBITDA (25% margin) and $371M free cash flow (65% conversion).

Record Quarter Revenue and Acceleration

Q4 revenue of $395 million, up 28% year-over-year (ex acquisition and political candidate), an acceleration from Q3; full year 2025 revenue of $1.305 billion, up 30% year-over-year (27% ex LiveIntent, Marigold and political candidate). Exceeded midpoint of initial 2025 guidance by $65 million (5%).

Strong Profitability and Cash Generation

Q4 adjusted EBITDA of $95.1 million, up 35% year-over-year with a margin of 24.1% (up 174 bps YoY); full year 2025 adjusted EBITDA $279 million, up 44% YoY. Q4 free cash flow $55.8 million, up 76% YoY (14% margin) with free cash flow conversion of 59% (vs 45% in Q4 2024); full year free cash flow $165 million, up 78% YoY (12.6% margin).

Positive GAAP Earnings and Outlook

Generated positive GAAP net income in Q4 ($6.5 million) versus a net loss in prior quarter; company expects to generate positive GAAP net income for full year 2026.

Raised 2026 Guidance and Longer-Term Targets

Increased 2026 revenue midpoint by $25 million to $1.755 billion (35% growth rate reported; 21% ex Marigold and political candidate). Raised 2026 adjusted EBITDA midpoint to $391 million (22.3% margin) and 2026 free cash flow midpoint to $231 million (40% YoY growth). Updated 2028 targets: revenue raised to $2.3 billion (CAGR 23%), adjusted EBITDA target $573 million (25% margin), and free cash flow $371 million (65% conversion).

Athena Early Traction and Strategic AI Partnership

Introduced Athena (enterprise marketing agent) with general availability expected by end of Q1; early users report significant time savings and improved ROI. Announced partnership with OpenAI making LLMs foundational to Athena.

Proprietary Data Moat — Zeta SuperGraph

Zeta SuperGraph deterministic identity graph operates across >245 million U.S. adults and 535 million globally with >1 trillion signals; positioned as key differentiator as personalization moves to one-to-one.

One Zeta Adoption and Outstanding Retention

Number of scaled customers using more than one use case up >80% YoY in Q4; net revenue retention hit a record 120% in 2025 (up from 114% in 2024), indicating strong wallet-share gains and platform adoption.

Customer Scale, ARPU Growth and Vertical Momentum

Total scaled customers grew to 602 (+14% YoY); super-scaled customers (>$1M annual) at 184 (+24% YoY). Scaled customer quarterly ARPU $625k (+8% YoY) and super-scaled ARPU $1.8M (+5% YoY; mid-teens when normalized). Fastest-growing verticals: travel & hospitality +105%, advertising & marketing +70%, automotive +60%, consumer retail +46%.

Record Pipeline, RFP Momentum and Event Wins

RFP volume more than doubled year-over-year; pipeline at record levels coming out of Zeta Live. Closed $39 million of business directly attributable to Zeta Live with goal of $100 million total tied to event-driven opportunities (~$130 million remaining in related pipeline opportunities).

Marigold Acquisition Progressing and Accretive Outlook

Marigold integration progressing; expected to be accretive to free cash flow and adjusted EBITDA in year 1. Management taking a conservative view of Marigold contributing at least $190 million in 2026 revenue and noting strong interest from Zeta customers in Marigold's loyalty product.

Capital Allocation — Active Buybacks and Reduced Dilution

Repurchased 1.9 million shares in Q4 for $35 million; full year 2025 repurchases 7.9 million shares for $120 million. Since Jan 1, 2026 repurchased additional 1.5 million shares for $25 million with ~$139 million remaining authorization. Net dilution improved to 4.3% (2.2% excluding Marigold) and stock-based compensation to revenue improved from 19% (2024) to 14% (2025).

Zeta Global Holdings Corp (ZETA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ZETA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	0.12 / -	0.098	―	―	―
Feb 24, 2026	2025 (Q4)	0.23 / 0.28	0.238	17.65% (+0.04)
Nov 04, 2025	2025 (Q3)	0.18 / 0.20	0.176	13.64% (+0.02)
Aug 05, 2025	2025 (Q2)	0.12 / 0.14	-0.16	187.50% (+0.30)
May 01, 2025	2025 (Q1)	0.11 / 0.10	-0.23	142.61% (+0.33)
Feb 25, 2025	2024 (Q4)	0.22 / 0.24	-0.22	208.18% (+0.46)
Nov 11, 2024	2024 (Q3)	-0.06 / 0.18	-0.27	165.19% (+0.45)
Jul 31, 2024	2024 (Q2)	-0.16 / -0.16	-0.34	52.94% (+0.18)
May 06, 2024	2024 (Q1)	-0.25 / -0.23	-0.38	39.47% (+0.15)
Feb 27, 2024	2023 (Q4)	-0.18 / -0.22	-0.36	38.89% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ZETA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	$16.98	―	―
Nov 04, 2025	$16.70	$19.94	+19.40%
Aug 05, 2025	$15.87	$20.23	+27.47%
May 01, 2025	$13.49	$13.68	+1.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Zeta Global Holdings Corp (ZETA) report earnings?

Zeta Global Holdings Corp (ZETA) is schdueled to report earning on May 12, 2026, After Close (Confirmed).

What is Zeta Global Holdings Corp (ZETA) earnings time?

Zeta Global Holdings Corp (ZETA) earnings time is at May 12, 2026, After Close (Confirmed).

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What is ZETA EPS forecast?

ZETA EPS forecast for the fiscal quarter 2026 (Q1) is 0.12.