Zeta Global Q2 Results Beat Estimates but Shares Slip
Zeta Global Holdings Corp (NYSE:ZETA) reported second‑quarter 2026 results that exceeded analyst expectations. Revenue reached $443 million, a 44 % year‑over‑year increase and above the consensus estimate of $420.66 million. GAAP earnings per share were $0.03 for the quarter. Adjusted EBITDA amounted to $92 million, delivering a margin of 20.7 %, which is 170 basis points higher than the prior year. Free cash flow was $58 million, up 73 % YoY.
The company raised its full‑year 2026 revenue guidance to a range of $1.811 billion to $1.824 billion, with a midpoint of $1.818 billion, representing an increase of $33 million over the previous outlook and exceeding the analyst consensus of $1.79 billion. This guidance implies 39 %‑40 % YoY growth. Full‑year GAAP EPS guidance was also increased to $0.09‑$0.11 from the prior $0.02‑$0.04 range. For the third quarter, Zeta Global projects revenue of $469 million to $472 million, compared with the consensus estimate of $461 million.
CEO and Co‑Founder David A. Steinberg said the company’s “rule of 64” performance and 44 % revenue growth reflect rising demand for its intelligent AI infrastructure platform. CFO Chris Greiner added that the first‑half performance and pipeline visibility give confidence to significantly raise the midpoint expectations for revenue, adjusted EBITDA, free cash flow, and GAAP EPS.
The number of Super‑Scaled customers grew to 197, a 17 % YoY increase, and the average revenue per Super‑Scaled customer rose to $1.8 million, also up 17 % YoY. Despite the strong operating metrics, the stock fell 6.9 % in after‑hours trading on Tuesday as investors focused on the guidance outlook.