ZETA(ZETA) - 2024 Q4 - Annual Results

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]