Zeta jumps on upbeat Q4, full-year revenue forecasts

Zeta Global Holdings

11/11/2024 21:30

** AI-powered marketing company Zeta Global's  ZETA.N 
shares rise 18% to ~$44 after the bell
    ** ZETA forecasts FY 2024 revenue midpoint at $986 mln,
above est of $942.9 mln — data compiled by LSEG
    ** Forecasts total Q4 revenue midpoint at $295 mln, above
est of $268.8 mln
    ** Posts Q3 revenue of $268.3 mln vs est of $252.5 mln
    ** Q3 revenue up 42% YoY, 31% excluding political candidate
revenue   
    ** Reports Q3 loss per share of 9 cents, compared to a loss
of 27 cents a year ago 
    ** 12 of 14 brokerages rate the stock "buy" or higher, two
"hold"; their median PT is $36

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com))