Zeta Global beats Q2 revenue estimates on AI infrastructure demand; hikes forecast

Zeta Global Holdings

04/08/2026 21:35

Overview
AI infrastructure provider's Q2 revenue grew 44% yr/yr, beating analyst expectations
Company reported positive GAAP net income and free cash flow rose 73% yr/yr
Full-year 2026 revenue guidance raised by $33 mln, reflecting confidence in growth

Outlook
Zeta Global raises Q3 2026 revenue guidance to $469 mln-$472 mln
Company lifts full-year 2026 revenue guidance to $1,811 mln-$1,824 mln
Zeta Global boosts full-year 2026 GAAP EPS guidance to $0.09-$0.11

Result Drivers
AI PLATFORM ADOPTION - Co said accelerating revenue growth reflects growing demand for its AI infrastructure platform
CUSTOMER BASE EXPANSION - Super-scaled customer count and ARPU both rose 17% yr/yr, contributing to revenue growth
PARTNERSHIPS MOMENTUM - Collaborations with OpenAI, Snowflake, and Palantir cited as adding momentum to platform adoption

Company press release: ID:nBw3B5CCBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$443 mln
$420.61 mln (14 Analysts)
Q2 EPS
 
$0.03
 
Q2 Net Income
 
$8.2 mln
 
Q2 Free Cash Flow
 
$58 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Zeta Global Holdings Corp is $28.50, about 26.3% above its August 3 closing price of $22.56
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 3 - Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics
Aug 3 - Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 4 - CoreWeave expands into Indonesia, announces first data center in Asia-Pacific

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)