Record Revenue and Growth
Zeta reported revenue of $268 million for Q3 2024, up 42% year-over-year, with adjusted EBITDA of $54 million, up 59% year-over-year. Adjusted EBITDA margin reached 20%, up 210 basis points year-over-year.
Strategic Acquisitions and Partnerships
Zeta raised over $900 million in capital and announced the acquisition of LiveIntent. They expanded partnerships with Yahoo! and Snowflake, integrating Zeta's data marketing platform with Yahoo's Connect ID and launching the Zeta media engine with Snowflake.
Strong Performance Across Key Segments
Direct revenue increased by 41% year-over-year, with five of the top ten industries growing faster than 35%. The company achieved a 33% year-over-year growth in scaled customer ARPU.
Successful AI and Product Launches
Zeta launched a new intelligent mobile product and expanded their lineup of generative AI agents. These initiatives have boosted customer engagement and pipeline demand.
Increased Guidance for 2024
Zeta raised its full-year 2024 revenue outlook by $61 million to $986 million, representing 35% year-over-year growth.