On August 12, Zeta Global Holdings Corp. rose 5.25% in regular trading, trading at $29.135/share, with turnover of $253 million.
The rally follows the company's Q2 earnings release, in which it swung to net income of $8.17 million from a loss of $12.8 million a year earlier. Revenue surged 43.6% year-over-year to $442.8 million, significantly beating the FactSet consensus estimate of $420.6 million. GAAP EPS came in at $0.03, topping the breakeven estimate.
Simultaneously, the company raised its full-year revenue guidance to $1.811 billion–$1.824 billion, an increase of $33 million at the midpoint from prior projections, well above the analyst consensus of $1.79 billion. Full-year GAAP EPS guidance was lifted to $0.09–$0.11 from the prior $0.02–$0.04. Q3 revenue guidance of $469 million–$472 million also exceeded consensus of $461 million. Additionally, the company recently announced a strategic partnership with Palantir Technologies to co-build enterprise-level AI marketing infrastructure, expected to generate over $100 million in revenue for Zeta.
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