ZETA
The beat-and-raise streak is still alive
Zeta Global is making “consistency” look flashy. The company said it delivered its 20th consecutive beat-and-raise quarter, with Q2 revenue climbing to $443 million, up 44% year over year and above Wall Street’s $420.6 million target. Net income also flipped positive at $8 million, or 3 cents a share, which is a nice way of saying this isn’t just top-line sizzle anymore.
AI hype, but with receipts
Management kept pointing to AI adoption and customer expansion as the engines under the hood. Super-Scaled Customers rose 17% to 197, while Super-Scaled ARPU grew 17% to $1.8 million. In other words: more big customers, and those customers are spending more. That’s the sort of combo investors like because it suggests the business isn’t just adding users like a free app — it’s actually monetizing them.
The numbers got an encore
Adjusted EBITDA surged to $92 million, with margins hitting 20.7%, and cash generation stayed strong too:
- Operating cash flow: $69 million, up 65%
- Free cash flow: $58 million, up 73%
- Full-year 2026 revenue guidance: raised to $1.811 billion–$1.824 billion
- Q3 sales outlook: $469 million–$472 million
- Full-year adjusted EBITDA outlook: $404.1 million–$406.3 million
- GAAP EPS outlook: $0.09–$0.11
That’s a lot of upward revisions in one call. If you’re an investor, the big question isn’t whether the quarter looked good — it clearly did. It’s whether Zeta can keep turning AI momentum into durable growth without the market eventually asking for the next act.
Why the stock is moving
Shares were up 13.73% to $27.58 and hit a new 52-week high, which is the market’s way of saying, “Fine, we’ll believe you for now.” With strong revenue growth, better margins, and another guidance bump, Zeta is giving bulls plenty to cheer about.
Big picture: when a company keeps beating estimates and lifting the bar, the stock can start acting like it’s got a little rocket fuel in the tank.