Zeta Global announced its financial results for the third quarter ended September 30, 2024, on November 11, 2024. The company reported revenue of $268.3 million, marking a 42% increase year-over-year and surpassing Wall Street's expectations. Adjusted EBITDA for the quarter grew 59% year-over-year to $53.6 million, achieving a 20.0% margin, which represents a 210 basis point expansion.
The company's GAAP loss was $0.09 per share, while adjusted earnings came in at $0.16 per share. Operational metrics demonstrated continued momentum, with scaled customer count increasing 8% year-over-year to 475, and super-scaled customers growing 16% year-over-year to 144. Scaled customer ARPU rose to $557,000, and super-scaled customer ARPU reached $1.6 million.
Zeta Global also raised its full-year 2024 guidance and provided optimistic fourth-quarter revenue guidance of $295 million at the midpoint, which was 9.7% above analyst expectations. The direct revenue mix stood at 70%, indicating a favorable shift towards higher-margin business. Political Candidate revenue contributed $21 million to the third-quarter results.
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