ZETA GLOBAL Reports Second Quarter Earnings Results for FY2023
August 7, 2023
🌥️Earnings Overview
ZETA GLOBAL ($NYSE:ZETA) announced its earnings results for the second quarter of FY2023 on June 30 2023. Revenue for the period totaled USD 171.8 million, a 25.1% increase from the same quarter in FY2022. Net income improved to -52.2 million from -86.0 million in the year prior.
Price History
The stock opened at $8.8 before closing at $8.4, a drop of 6.6% from its prior closing price of $9.0. This is a concerning result for investors, who were hoping for a positive outlook for the company after its strong first quarter performance. These results have caused analysts to reassess their outlook on the company’s short and long term prospects. Despite the negative news, ZETA GLOBAL is still optimistic about their potential in the future.
They are currently investing in new technologies and expanding into new markets, which they hope will drive increased growth in the coming quarters. They are also working on reducing costs in order to maximize their profits and increase shareholder value. 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
GoodWhale has analyzed the basic principles of ZETA GLOBAL and based on the Star Chart classification, we can conclude that it is a ‘gorilla’ type of company which has achieved stable and high revenue or earning growth due to its strong competitive advantage. In addition to its growth potential, ZETA GLOBAL also has a high health score of 7 out of 10 with respect to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. As far as the specific financial metrics are concerned, ZETA GLOBAL is strong in terms of growth and profitability, but weak in terms of asset and dividend. This indicates that it is likely to be more attractive to investors who are looking for companies with strong growth or profitability prospects, such as venture capitalists, private equity investors, or growth-oriented institutional investors. However, those who are looking for lower risk investments with steady dividends or long-term stability may not find this company to be as attractive. 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‘s second quarter of 2023 saw an impressive 25.1% increase in revenue compared to the same period last year, totaling USD 171.8 million. However, net income was still negative at -52.2 million, a significant improvement from the -86 million reported in the year prior. This news caused the stock price to drop on June 30th, indicating that investors are not convinced of the company’s performance yet. Nevertheless, Zeta Global’s potential for growth still remains, warranting more research before investing.
