Zeta Continues Rapid Rise

Marketing software firm Zeta Global has reported revenue of $396 million for the first quarter, up 50% year-on-year; operating loss reduced around 39% to $13.25 million; and adjusted EBITDA up 42% to $66.1 million.

Zeta was founded in 2007 by David A. Steinberg and former Apple CEO John Sculley, and is headquartered in New York City with offices around the world. Its Marketing Cloud, launched in 2018, combines identity, intelligence and omnichannel activation, backed by one of the industry's largest proprietary databases.

The firm increased its full year revenue guidance to a range of $1,779 million to $1,792 million, representing an annual growth rate of 36-37%, or 22% to 23% when excluding political candidate revenue and revenue from recently acquired software business Marigold.

'Accelerating revenue growth to 50% and achieving the Rule of 67 in the first quarter is further evidence we are winning in this environment,' says David A. Steinberg (pictured), Zeta's co-founder, Chairman and CEO, 'powered by the system we have built: proprietary data that improves with every interaction, intelligence that compounds with every decision, and a platform with AI at its core that allows customers to consolidate vendors into a single, unified operating model.'

Web site: www.zetaglobal.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.