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ZETA(ZETA) - 2024 Q4 - Annual Results
2025-02-25 21:05
Revenue Growth - Total revenue for Q4 2024 was $315 million, representing a 50% year-over-year increase[4] - Full year 2024 revenue reached $1,006 million, up 38% year-over-year[9] - Revenues for Q4 2024 reached $314,673,000, a 49.5% increase from $210,320,000 in Q4 2023[27] - Total revenues for the year ended December 31, 2024, were $1,005,754,000, up 37.9% from $728,723,000 in 2023[27] - The company is guiding for a sixth consecutive year of 20%+ revenue growth[4] - The Zeta 2028 plan targets over $2 billion in annual revenue by 2028[2] Customer Metrics - Scaled Customer count increased by 17% year-over-year to 527, while Super-Scaled Customer count rose by 13% to 148[5] - Scaled Customer ARPU grew 19% year-over-year to $1.87 million, and Super-Scaled Customer ARPU increased 26% to $5.71 million[9] - The number of super-scaled customers generating at least $1,000,000 in revenue is a key metric for revenue growth[20] Profitability - GAAP net income for Q4 2024 was $15 million, compared to a net loss of $35 million in Q4 2023[5] - The company reported a net income of $15,236,000 for Q4 2024, reversing a net loss of $35,281,000 in Q4 2023[27] - Net loss for the year ended December 31, 2024, was $69,771 thousand, an improvement from a net loss of $187,481 thousand in 2023[29] - Adjusted EBITDA for full year 2024 was $193 million, a 49% increase from $129 million in 2023[9] - Adjusted EBITDA for Q4 2024 was $6,922,000, compared to a loss of $31,859,000 in Q4 2023[27] - Adjusted EBITDA for the year ended December 31, 2024, was $193,022 thousand, compared to $129,393 thousand in 2023, reflecting a margin increase from 17.8% to 19.2%[32] Cash Flow and Financial Health - Cash flow from operating activities was $44 million in Q4 2024, up from $27 million in Q4 2023[5] - Free Cash Flow for full year 2024 was $92 million, compared to $55 million in 2023[9] - Net cash provided by operating activities for the year ended December 31, 2024, was $133,861 thousand, up from $90,523 thousand in 2023[32] - Free cash flow for the year ended December 31, 2024, was $92,321 thousand, significantly higher than $54,519 thousand in 2023[32] - Cash and cash equivalents increased to $366,157,000 as of December 31, 2024, from $131,732,000 in 2023[25] - The net increase in cash and cash equivalents for the year was $234,425 thousand, compared to an increase of $10,622 thousand in 2023[29] Assets and Equity - Total assets grew to $1,111,373,000 in 2024, up from $550,714,000 in 2023, reflecting a 101% increase[25] - The company’s total stockholders' equity increased to $676,801,000 in 2024, compared to $180,520,000 in 2023[25] Capital Expenditures and Investments - Capital expenditures for the year ended December 31, 2024, totaled $25,727 thousand, compared to $20,483 thousand in 2023[29] - The company reported a net cash used for investing activities of $97,586 thousand in 2024, compared to $54,215 thousand in 2023[29] - The company raised $228,956 thousand in equity capital during the year, with net proceeds after issuance costs[29] - Stock-based compensation for the year ended December 31, 2024, was $194,984 thousand, down from $242,881 thousand in 2023[29]
Shareholders That Lost Money on Zeta Global Holdings Corp. (ZETA) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
ACCESSWIRE Newsroom· 2025-01-21 16:15
Core Viewpoint - Shareholders of Zeta Global Holdings Corp. (ZETA) who experienced financial losses are being encouraged to participate in a class action lawsuit to seek potential compensation [1] Group 1 - The class action is being organized by Levi & Korsinsky, a law firm specializing in shareholder rights [1] - The lawsuit aims to address the grievances of shareholders who lost money due to the company's performance [1] - Zeta Global Holdings Corp. is facing scrutiny from its investors following significant financial losses [1]
ZETA DEADLINE TODAY: Zeta Global Holdings Investors are Notified that Today is the Final Deadline in Class Action – Contact BFA Law (NYSE:ZETA)
GlobeNewswire News Room· 2025-01-21 13:22
Core Viewpoint - A lawsuit has been filed against Zeta Global Holdings Corp. and its senior executives for potential violations of federal securities laws, following allegations regarding the legitimacy of its marketing data [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Davoodi v. Zeta Global Holdings Corp., et al., No. 24-cv-08961 [2]. - Investors have until January 21, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Zeta - Zeta is accused of misrepresenting its marketing platform as being powered by the industry's largest opted-in data set [3]. - A report by Culper Research claims that Zeta's data set was generated from "consent farms," which are websites designed to collect consumer data under false pretenses [4]. - The report indicates that these consent farms contributed to 56% of Zeta's Adjusted EBITDA over the past two years, raising concerns about potential regulatory actions [4]. Group 3: Stock Market Impact - Following the allegations, Zeta's stock price experienced a significant decline, dropping 37% from $28.22 per share on November 12, 2024, to $17.76 per share on November 13, 2024 [5].
ZETA IMPORTANT DEADLINE: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Zeta Global Holdings Corp. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action - ZETA
ACCESSWIRE Newsroom· 2025-01-20 23:23
Core Viewpoint - Zeta Global Holdings Corp. investors are encouraged to secure legal counsel before the important January 21 deadline related to a securities class action lawsuit [1] Group 1 - The deadline for Zeta Global Holdings Corp. investors to act is January 21 [1] - The Rosen Law Firm, acting as national trial counsel, is urging investors to take action [1] - The class action lawsuit pertains to securities issues involving Zeta Global Holdings Corp. [1]
ZETA FINAL DEADLINE: Tomorrow is the Final Deadline in Zeta Global Holdings Class Action - Contact BFA Law if You Lost Money
ACCESSWIRE Newsroom· 2025-01-20 20:48
Group 1 - The article discusses the final deadline for a class action lawsuit against Zeta Global Holdings, indicating that affected investors have until tomorrow to take action [1] - The law firm BFA Law is mentioned as a contact for investors who believe they have lost money due to the company's actions [1]
ZETA DEADLINE TOMORROW: ROSEN, A LONGSTANDING LAW FIRM, Encourages Zeta Global Holdings Corp. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action - ZETA
GlobeNewswire News Room· 2025-01-20 15:41
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Zeta Global Holdings Corp. during the specified Class Period of the upcoming lead plaintiff deadline on January 21, 2025 [1]. Group 1: Class Action Details - Investors who purchased Zeta securities between February 27, 2024, and November 13, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by January 21, 2025 [3]. - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering significant amounts for investors [4]. - The firm has been recognized for its achievements, including the largest securities class action settlement against a Chinese company at the time and being ranked highly for the number of settlements [4]. Group 3: Allegations Against Zeta Global - The lawsuit alleges that Zeta Global made false and misleading statements, including the use of two-way contracts and round trip transactions to inflate financial results [5]. - It is claimed that Zeta utilized predatory consent farms to collect user data, which significantly contributed to its growth [5]. - The misleading statements about Zeta's business operations and prospects led to investor damages when the true details were revealed [5].
ZETA FRAUD ALERT: Zeta Global Holdings Sued after Stock Drops 80% - Investors with Losses are Urged to Contact BFA Law before January 21 Class Action Deadline
ACCESSWIRE Newsroom· 2025-01-17 20:18
Core Viewpoint - Zeta Global Holdings is facing a class action lawsuit following an 80% drop in its stock price, prompting investors with losses to contact BFA Law before the January 21 deadline for filing claims [1] Company Summary - Zeta Global Holdings' stock has experienced a significant decline of 80%, indicating severe financial distress and potential mismanagement or fraud [1] - The lawsuit suggests that investors may have been misled regarding the company's financial health, leading to substantial losses [1] Industry Context - The situation highlights the risks associated with investing in technology and data-driven companies, particularly those that may not have transparent financial practices [1] - The class action lawsuit reflects a growing trend of legal actions against companies in the tech sector, especially when stock performance drastically declines [1]
ZETA Deadline in 4 Days: Kessler Topaz Meltzer & Check, LLP Reminds Zeta Global Holdings Corp. (ZETA) Investors of Filing Deadline in Class Action Lawsuit
Prnewswire· 2025-01-17 16:47
Core Viewpoint - A securities class action lawsuit has been filed against Zeta Global Holdings Corp. for allegedly making false and misleading statements regarding its business operations and financial results during the Class Period from February 27, 2024, to November 13, 2024 [1][2]. Allegations Against Defendants - The complaint claims that Zeta used two-way contracts and round trip transactions to artificially inflate its financial results [2]. - It is alleged that Zeta utilized predatory consent farms to collect user data, which significantly contributed to the company's growth [2]. - The positive statements made by Zeta regarding its business and prospects were misleading and lacked a reasonable basis due to the undisclosed adverse facts [2]. Lead Plaintiff Process - Investors in Zeta have until January 21, 2025, to seek appointment as a lead plaintiff representative for the class or may choose to remain absent [3]. - The lead plaintiff will represent all class members and select counsel to direct the litigation [3]. Contact Information - Kessler Topaz Meltzer & Check, LLP encourages Zeta investors who have experienced significant losses to reach out for more information [4].
ZETA DEADLINE TUESDAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Zeta Global Holdings Corp. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action - ZETA
ACCESSWIRE Newsroom· 2025-01-17 16:45
ZETA DEADLINE TUESDAY: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Zeta Global Holdings Corp. Investors to Secure Counsel Before Important January 21 Deadline in Securities Class Action - ZETA ...
ZETA INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of Zeta Global Holdings Corp. to Contact the Firm Today!
ACCESSWIRE Newsroom· 2025-01-17 12:00
ZETA INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Investors of Zeta Global Holdings Corp. to Contact the Firm Today! ...