Welcome to our dedicated page for Zeta Global Holdings news (Ticker: ZETA), a resource for investors and traders seeking the latest updates and insights on Zeta Global Holdings stock.
Zeta Global Holdings Corp. (NYSE: ZETA) is described as the AI Marketing Cloud, and the news associated with ZETA reflects its focus on AI-powered, data-driven marketing for enterprise customers. Company announcements frequently highlight developments in the Zeta Marketing Platform, the evolution of Athena by Zeta, and the use of advanced artificial intelligence and large-scale consumer data to support marketing outcomes.
News items for ZETA commonly cover product and platform innovations, such as the unveiling of Athena by Zeta, a conversational, superintelligent agent integrated with the Zeta Marketing Platform. These stories describe how Athena and its agentic app suite, including applications like Insights and Advisor, are intended to bring answer-driven intelligence and agentic workflows directly into marketing operations.
Investors and analysts following ZETA will also find financial and corporate updates, including quarterly earnings releases, forward-looking guidance, and details of material events filed on Form 8-K. Recent communications have discussed revenue and profitability guidance, non-GAAP metrics such as adjusted EBITDA, and definitions of key business measures like scaled and super-scaled customers.
Another recurring theme in ZETA news is strategic partnerships and acquisitions. For example, Zeta has announced a strategic collaboration with OpenAI to support Athena’s conversational intelligence and agentic applications, and it has reported the completion of its acquisition of the Marigold enterprise software business, which expands its technologies and customer base.
Coverage also includes event participation and thought leadership, such as Zeta Live, investor days, and programming at CES, where company leaders discuss AI-powered marketing, product roadmaps, and the future of the Zeta Marketing Platform. Readers who monitor ZETA news can track how the company develops its AI Marketing Cloud, communicates with investors, and positions its technology within the enterprise marketing landscape.
Zeta Global (NYSE:ZETA) has announced its upcoming virtual Zeta Data Summit scheduled for December 9, 2024, from 8:30 AM to 12:00 PM EST. The summit will showcase how Zeta is leading the AI-powered revolution in marketing through its Data Cloud platform.
Attendees will gain insights into Zeta's Data Cloud operations, governance, and responsible data practices. The event will feature product demonstrations, use case examples, and industry expert perspectives on AI-powered personalization in marketing. Key speakers include the company's leadership team, including Co-Founder and CEO David A. Steinberg, CFO Chris Greiner, and other executive officers.
Zeta Global (NYSE: ZETA) has published a detailed rebuttal addressing claims made in a short seller report from November 13, 2024. The company strongly refutes the report's allegations, characterizing them as misleading and false statements designed to decrease the stock value. CEO David A. Steinberg affirmed that Zeta's data management, privacy practices, and financial reporting comply with relevant laws. The company highlighted its confidence through a recently authorized $100 million stock repurchase program and insider stock purchases by management and board members. Zeta is actively using the current stock price dislocation to accelerate its buyback program.
Zeta Global (NYSE: ZETA) announced that a forensic review completed in 2022-2023 found its practices sound and financial statements accurate, countering recent allegations in a misleading report. The review, conducted by Latham & Watkins LLP and external forensic accountants, was initiated after learning of a federal investigation into Kubient, Inc., a former business partner before Zeta's 2021 IPO. The review confirmed the accuracy of Zeta's financial statements and the effectiveness of internal controls. The company addressed the recent Critical Audit Matters (CAM) disclosure, noting it's a common practice among public companies and doesn't indicate control deficiencies.
Zeta Global (NYSE: ZETA) announced that CEO David A. Steinberg, company leadership, and board members plan to purchase approximately $3 million worth of Class A common stock on November 18, 2024. The announcement comes in response to what Steinberg describes as a recent report containing false claims about the company. Steinberg expressed confidence in the company's integrity and stated his belief that the current share price is undervalued, emphasizing the company's strong performance for shareholders over the past three years.
Zeta Global (NYSE:ZETA) announced a webinar scheduled for Wednesday, November 20 at 3:30 p.m. Eastern Time, hosted by William Blair's Partner Arjun Bhatia. Key company executives, including CEO David Steinberg, CFO Chris Greiner, and Audit Committee Chair Robert Niehaus, will discuss the company's accounting processes, controls, data collection policies, and privacy oversight. The webinar follows a recent short-seller report, to which Zeta has issued a preliminary response. Registration is available through William Blair representatives, and a replay will be accessible on Zeta's Investor Relations website.
Zeta Global (NYSE: ZETA) announced a new $100 million stock repurchase program for its Class A common stock, extending through December 31, 2026. This supplements their existing program from August 2022, which has $14.7 million remaining and expires December 31, 2024. The company plans to use various methods for repurchases, including open market purchases and privately negotiated transactions. Management expects to generate significant free cash flow over the next two years and believes the current stock valuation presents a unique opportunity for share repurchases.
Zeta Global (NYSE: ZETA) has issued a response to a short-seller report published by Culper Research, strongly refuting its claims as misleading and false. The company emphasizes that its independent auditor is Deloitte, not E&Y as incorrectly stated in the report, and confirms its confidence in internal accounting processes and controls. Zeta clarifies that revenue from customers who are also vendors is insignificant, and the combined revenue contribution from Apptness and ArcaMax is less than 3% year-to-date through Q3 2024. The company denies operating 'consent farms' and affirms its commitment to data protection and privacy compliance.
Zeta Global (NYSE: ZETA) reported strong Q3 2024 results with revenue reaching $268.3 million, up 42% year-over-year. The company achieved significant financial milestones, including a 41% growth in Direct platform revenue, representing 70% of total revenue. Scaled Customer ARPU increased 33% Y/Y to $557,231, while operating cash flow grew 51% Y/Y to $34.4 million. Despite posting a GAAP net loss of $17.4 million, Adjusted EBITDA rose 59% Y/Y to $53.6 million. The company raised its Q4 2024 revenue guidance to $293-297 million and full-year 2024 guidance to $984.1-988.1 million.
The Zeta Economic Index (ZEI) for October 2024 shows a stable US economy with an Economic Index Score (EIS) of 68.5 points, remaining flat month-over-month. The index, powered by AI technology analyzing data from over 240 million US consumers, indicates robust economic activity despite challenges from weather events, labor strikes, and political uncertainty. Key economic indicators show GDP growth at 2.8% and reduced inflation at 2.4%. Consumer behavior reveals a 1.6% decline in discretionary spending while online browsing increased by 7.7%. The technology sector experienced a 4.2-point decline due to reduced spending and supply chain challenges.
Zeta Global (NYSE: ZETA) has successfully completed its acquisition of LiveIntent, a pioneer in people-based marketing. This strategic move is set to enhance the Zeta Marketing Platform, strengthen the Zeta Data Cloud, and advance Zeta's position in AI-powered marketing. The acquisition brings LiveIntent's assets, publisher network, and channel capabilities into Zeta's fold.
CEO David A. Steinberg emphasized that the acquisition is accretive to Zeta's financial profile and will deliver increased value to enterprises while extending the platform to the publisher ecosystem. The integration is expected to expand gross margins and accelerate the shift of revenue from agency customers to direct channels. Detailed transaction information is available in Zeta's Press Release and 8-K filed with the SEC on October 8, 2024.