Jun 2026 (Q2 FY26) — Aug 4, 2026
Zeta Global Q2 FY26 — 20th Consecutive Beat & Raise, AI Infrastructure Platform
Read the full callZeta Global (ZETA) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Zeta Global earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 443 | +43.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 3.8 | +5.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 8.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
43 of 44 judged targets kept · 30 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted EBITDA guidance | $86.6 million at the midpoint | Mar 2026 | we generated $92 million of adjusted EBITDA, up 56% year-to-year at a margin of 20.7%. And an increase of 170 basis points versus last year and $5 million better than the midpoint of our guidance. | Achieved |
| Full-year 2026 adjusted EBITDA | $354 million (23% margin) | Sep 2025 | For adjusted EBITDA, we're increasing the midpoint of our 2026 guidance to $405 million up $8 million from our prior guidance, representing a year-over-year increase of 45% and a margin of 22.3%, up 90 basis points year-to-year. | Revised Up |
| Full-year 2026 normal course share count dilution | 3% to 4% | Mar 2025 | Solution in the quarter was just 0.1%, and we remain on track to hit our normal course net dilution target of 3% to 4% for 2026. | On Track |
1 of Zeta Global Holdings Corp.'s 74 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 71 more targets are in the full ledger.
Claimed
- Revenue grew 44% year-over-year to $443 million, beating guidance by $23 million.
- Adjusted EBITDA increased 56% year-over-year to $92 million, with margin expanding 170 basis points to 20.7%.
- Free cash flow surged 73% year-over-year to $58 million, achieving a 13.1% margin and 63% conversion.
- GAAP net income turned positive at $8.2 million, resulting in GAAP EPS of $0.03.
- Super-scaled customer count grew 17% year-over-year to 197, more than double the 2028 model growth rate, driven by Athena demand.
- Sales pipeline increased over 60% year-over-year, with pipeline creation per seller up over 100% year-over-year.
Qualified
Price
$33.55 +3.97% · +$1.28
Performance +74.6% 1Y
1Y: $19.21 on 14 Oct 2025 → $33.55. High $33.8 (13 Oct 2026), low $14.55 (27 Mar 2026).
- Previous close
- $32.27
- 52-week range
- $14.55 – $33.8
- One year
- +80.67%
Overview
- Symbol
- ZETA
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
43 of 44 judged targets kept · 30 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted EBITDA guidance | $86.6 million at the midpoint | Mar 2026 | we generated $92 million of adjusted EBITDA, up 56% year-to-year at a margin of 20.7%. And an increase of 170 basis points versus last year and $5 million better than the midpoint of our guidance. | Achieved |
| Full-year 2026 adjusted EBITDA | $354 million (23% margin) | Sep 2025 | For adjusted EBITDA, we're increasing the midpoint of our 2026 guidance to $405 million up $8 million from our prior guidance, representing a year-over-year increase of 45% and a margin of 22.3%, up 90 basis points year-to-year. | Revised Up |
| Full-year 2026 normal course share count dilution | 3% to 4% | Mar 2025 | Solution in the quarter was just 0.1%, and we remain on track to hit our normal course net dilution target of 3% to 4% for 2026. | On Track |
Claimed
- Revenue grew 44% year-over-year to $443 million, beating guidance by $23 million.
- Adjusted EBITDA increased 56% year-over-year to $92 million, with margin expanding 170 basis points to 20.7%.
- Free cash flow surged 73% year-over-year to $58 million, achieving a 13.1% margin and 63% conversion.
- GAAP net income turned positive at $8.2 million, resulting in GAAP EPS of $0.03.
- Super-scaled customer count grew 17% year-over-year to 197, more than double the 2028 model growth rate, driven by Athena demand.
- Sales pipeline increased over 60% year-over-year, with pipeline creation per seller up over 100% year-over-year.
Qualified
The full ledger
Open Zeta Global Holdings Corp.’s full ledger
A free account opens 5 company ledgers a month. All 74 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Zeta Global Holdings Corp. Q1 FY26 — 19th Consecutive Beat and Raise Quarter Driven by AI and Athena Adoption
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Zeta Q4 FY25 — 18th Consecutive Beat & Raise Driven by AI Leadership and One Zeta Strategy
Read the full callEvery analysed call
Zeta Global earnings calls (ZETA)
Financials
What the filings say
Net profit, year on year: +164% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 268 | 315 | 264 | 308 | 337 | 395 | 396 | 443 |
| Operating profit | -12 | 7 | -16 | -5 | 9 | 18 | -19 | 17 |
| Operating margin | −4.6% | 2.2% | −6.1% | −1.7% | 2.6% | 4.5% | −4.8% | 3.8% |
| Interest | 2 | 0 | 0 | 0 | -0 | 0 | 1 | 1 |
| Profit before tax | -17 | 9 | -20 | -12 | -3 | 1 | -16 | 8 |
| Tax rate | −1.2% | −69.7% | −8.2% | −10.3% | −30.1% | −408.9% | 16.3% | −4.8% |
| Net profit | -17 | 15 | -22 | -13 | -4 | 7 | -13 | 8 |
| EPS ($ per share) | -0.09 | — | -0.10 | -0.06 | -0.02 | — | -0.06 | 0.03 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Reserves | — | -242 | -492 | -771 | -959 | -1,028 | -1,060 |
| Total liabilities | — | 371 | 307 | 338 | 370 | 435 | 699 |
| Fixed assets | — | 6 | 6 | 6 | 7 | 9 | 15 |
| Total assets | — | 286 | 397 | 467 | 551 | 1,111 | 1,504 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 31 | 36 | 44 | 78 | 91 | 134 | 199 |
| Cash from investing | -62 | -25 | -47 | -48 | -54 | -98 | -124 |
| Cash from financing | 28 | 3 | 56 | -13 | -26 | 198 | -121 |
| Net cash flow | -3 | 13 | 53 | 17 | 11 | 234 | -46 |
| Capital expenditure | -3 | -2 | -9 | -22 | -20 | -26 | -14 |
| Free cash flow | 27 | 33 | 35 | 56 | 70 | 108 | 185 |
ZETA operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Customers above an annual spend threshold Super-scaled customers | 184We ended the quarter with 184 super-scaled customer customers, up 24% year-over-year, well above our target of 4% to 8%.Source: earnings call transcript | 189Total super-scaled customer count grew to 189, up 19% year-over-year and an addition of 5 customers sequentially.Source: earnings call transcript | 197Super-scaled customers grew to 197, up 17% year-over-year, more than double our 4% to 8% 2028 model growth rate, driven by demand for Athena.Source: earnings call transcript | +4.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
38 filings between Nov 12, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$400.4K
2 sales by 1 insider
Compensation
not trading decisions- 10
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 2
- Tax withheld — shares kept back by the company to cover tax
Also filed: 18 gifts, 3 dispositions to the issuer, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Silberblatt Jeanine | — | $400.4K | Jun 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | LANDMAN WILLIAM Director | Award | 791 | $25.0K |
| Aug 14, 2026 | Ravella Satish Chief Accounting Officer | Gift | 25,848 | $0 |
| Aug 12, 2026 | LANDMAN WILLIAM Director | Disposition to issuer | 22,153 | $632.5K |
| Aug 12, 2026 | Ravella Satish Chief Accounting Officer | Option exercise | 6,250 | $78.5K |
| Aug 12, 2026 | Ravella Satish Chief Accounting Officer | Tax withheld | 4,329 | $123.6K |
| Jul 1, 2026 | Silberblatt Jeanine Director | Award | 7,197 | $0 |
| Jul 1, 2026 | Royan William T. Director | Award | 7,197 | $0 |
| Jul 1, 2026 | NIEHAUS ROBERT H Director | Award | 7,197 | $0 |
| Jul 1, 2026 | Elzie Jene Director | Award | 7,197 | $0 |
| Jul 1, 2026 | LANDMAN WILLIAM Director | Award | 7,197 | $0 |
| Jul 1, 2026 | LANDMAN WILLIAM Director | Award | 1,270 | $25.0K |
| Jun 12, 2026 | Silberblatt Jeanine Director | Sale | 7,500 | $149.2K |
| Jun 4, 2026 | Ravella Satish Chief Accounting Officer | Gift | 7,968 | $0 |
| Jun 2, 2026 | Ravella Satish Chief Accounting Officer | Tax withheld | 17,302 | $436.9K |
| Jun 2, 2026 | Ravella Satish Chief Accounting Officer | Option exercise | 25,000 | $314.0K |
| May 20, 2026 | Gerber Steven H. President | Gift | 724,021 | $0 |
| May 20, 2026 | Greiner Christopher E Chief Financial Officer | Gift | 633,060 | $0 |
| May 7, 2026 | NIEHAUS ROBERT H Director | Gift | 60,000 | $0 |
| May 7, 2026 | NIEHAUS ROBERT H Director | Gift | 60,000 | $0 |
| May 6, 2026 | Steinberg David Chief Executive Officer | Gift | 1,251,609 | $0 |
| May 6, 2026 | Steinberg David Chief Executive Officer | Gift | 768 | $0 |
| May 6, 2026 | Steinberg David Chief Executive Officer | Gift | 13,176 | $0 |
| May 6, 2026 | Steinberg David Chief Executive Officer | Gift | 285 | $0 |
| Apr 1, 2026 | LANDMAN WILLIAM Director | Award | 1,570 | $25.0K |
| Mar 11, 2026 | Elzie Jene Director | Disposition to issuer | 4,111 | $75.0K |
| Jan 1, 2026 | LANDMAN WILLIAM Director | Award | 1,228 | $25.0K |
| Jan 1, 2026 | Ravella Satish Chief Accounting Officer | Award | 100,000 | $0 |
| Dec 17, 2025 | Khan Imran Director | Disposition to issuer | 14,028 | $0 |
| Dec 12, 2025 | Steinberg David Chief Executive Officer | Gift | 13,212 | $0 |
| Dec 12, 2025 | Silberblatt Jeanine Director | Sale | 12,990 | $251.2K |
| Dec 12, 2025 | Steinberg David Chief Executive Officer | Gift | 683,367 | $0 |
| Dec 11, 2025 | Steinberg David Chief Executive Officer | Gift | 1,280 | $0 |
| Dec 11, 2025 | Steinberg David Chief Executive Officer | Gift | 2,304 | $0 |
| Dec 5, 2025 | Greiner Christopher E Chief Financial Officer | Gift | 515,627 | $0 |
| Dec 5, 2025 | Ravella Satish Chief Accounting Officer | Gift | 74,256 | $0 |
| Nov 19, 2025 | LANDMAN WILLIAM Director | Gift | 12,000 | $0 |
| Nov 14, 2025 | Gerber Steven H. President | Gift | 684,803 | $0 |
| Nov 12, 2025 | NIEHAUS ROBERT H Director | Other | 346,110 | $0 |
| Oct 1, 2025 | LANDMAN WILLIAM Director | Award | 1,258 | $25.0K |
| Aug 22, 2025 | Steinberg David Chief Executive Officer | Gift | 26,424 | $0 |
| Aug 22, 2025 | Steinberg David Chief Executive Officer | Gift | 814,182 | $0 |
| Jul 1, 2025 | Royan William T. Director | Award | 9,907 | $0 |
| Jul 1, 2025 | Elzie Jene Director | Award | 9,907 | $0 |
| Jul 1, 2025 | Khan Imran Director | Award | 9,907 | $0 |
| Jul 1, 2025 | NIEHAUS ROBERT H Director | Award | 9,907 | $0 |
| Jul 1, 2025 | LANDMAN WILLIAM Director | Award | 1,614 | $25.0K |
| Jul 1, 2025 | Silberblatt Jeanine Director | Award | 9,907 | $0 |
| Jul 1, 2025 | LANDMAN WILLIAM Director | Award | 9,907 | $0 |
| May 9, 2025 | Steinberg David Chief Executive Officer | Gift | 1,932,331 | $0 |
| May 9, 2025 | Greiner Christopher E Chief Financial Officer | Gift | 1,061,853 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for Zeta Global Holdings Corp.
Free account. Everything above stays public.
Write why you follow Zeta Global Holdings Corp. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading