ZETA GLOBAL Reports Record Second Quarter Earnings for FY2023
August 7, 2023
🌥️Earnings Overview
On August 2 2023, ZETA GLOBAL ($NYSE:ZETA) announced their financial results for the second quarter of FY2023, ending June 30 2023. Total revenue for Q2 rose by 25.1%, to $171.8 million, and net income decreased to -$52.2 million, from -$86.0 million in the same period last year.
Price History
On Wednesday, ZETA GLOBAL released its financial report for the second quarter of the fiscal year 2023. The report showed record earnings for the company and sent shockwaves through the stock market. Despite the impressive earnings, ZETA GLOBAL’s stock opened at $8.8 and closed at $8.4, a drop of 6.6% from its last closing price of $9.0. This marked a major shift in the direction of ZETA GLOBAL’s stock, as the company had been experiencing steady growth in the preceding months. Analysts have attributed the sudden decline to the uncertainty surrounding the company’s future plans and concerns over its ability to continue its growth trajectory.
Despite the drop in stock prices, investors remain hopeful that ZETA GLOBAL’s impressive second quarter earnings report will translate into long-term success. The company’s CEO has stated that they are confident in their future prospects and plan to continue to invest in innovative technology and new products to ensure their continued success. Overall, ZETA GLOBAL’s reported record second quarter earnings for FY2023 are encouraging and may point to a promising future for the company and its investors. As such, investors will be closely monitoring any further developments to see if this growth can be sustained in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zeta Global. More…
| Total Revenues | Net Income | Net Margin |
| 656.81 | -230.31 | -34.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zeta Global. More…
| Operations | Investing | Financing |
| 83.37 | -55.29 | -21.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zeta Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 491.21 | 353.86 | 0.64 |
Key Ratios Snapshot
Some of the financial key ratios for Zeta Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.5% | – | -33.4% |
| FCF Margin | ROE | ROA |
| 7.1% | -102.6% | -27.9% |
Analysis
At GoodWhale, we have done a comprehensive analysis of ZETA GLOBAL‘s fundamentals, and our Risk Rating has concluded that it is a high risk investment. We have identified three risk warnings on the balance sheet, cashflow statement and financial journal. To get a complete picture of the risks and opportunities associated with this business, please register on our website and view the full report. GoodWhale’s report takes into account a variety of factors, including the company’s financial health, management team, industry sector, and competitive landscape. We have identified both positive and negative signs that could impact the future performance of ZETA GLOBAL. By understanding these risks and opportunities, investors can make informed decisions about whether or not to invest in the company. Our report also includes our recommendations for mitigating risk and maximizing returns. This includes detailed advice on how to diversify investments, reduce potential losses, and optimize returns. We believe that with the right information, investors can make the best decisions when it comes to investing in ZETA GLOBAL. Our team of experienced analysts is dedicated to providing comprehensive and accurate analysis of a company’s fundamentals, so investors can make informed decisions. More…
Peers
It has a market capitalization of $2.75 billion and is headquartered in New York, NY. Zeta Global Holdings Corp competes with NICE Ltd, Fision Corp, and Everbridge Inc.
– NICE Ltd ($NASDAQ:NICE)
NICE Ltd is a technology company that provides software and services to businesses and organizations. The company has a market cap of 12.09B as of 2022 and a Return on Equity of 6.21%. The company’s products and services include customer experience management, cybersecurity, and financial crime and compliance.
– Fision Corp ($OTCPK:FSSN)
Fision Corp is a publicly traded company with a market cap of 410.78k as of 2022. The company has a Return on Equity of -16.87%. The company operates in the digital marketing and advertising industry. The company provides technology solutions that enable businesses to create, manage, and measure their digital marketing campaigns. The company’s technology platform provides businesses with the ability to create and manage digital marketing campaigns, track and measure results, and optimize performance.
– Everbridge Inc ($NASDAQ:EVBG)
Everbridge Inc is a global software company that provides critical communication and enterprise safety applications that help keep people safe and businesses running during critical events. The company has a market cap of 1.28B as of 2022 and a Return on Equity of -16.82%. Everbridge’s products are used by over 3,700 customers in more than 80 countries, including Fortune 500 companies, universities, and government agencies.
Summary
ZETA GLOBAL reported their Q2 FY2023 earnings results on June 30 2023, with total revenue increasing by 25.1%, reaching USD 171.8 million. Despite this, net income for the quarter decreased from -86.0 million in the year prior to -52.2 million. On the same day, the company’s stock price dropped.
This suggests that investors are not confident in the company’s future prospects and may be wary of investing in ZETA GLOBAL. As such, investors should thoroughly assess the risks and potential rewards before investing in the company.
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