US98956A1051 - Common Stock
Shares of advertising and marketing company Zeta Global (NYSE:ZETA) jumped 9.8% in the afternoon session after the company issued a detailed rebuttal on its website to Culper Research's short report (released on November 13, 2024). Zeta emphasized that its financial statements are complete, accurate, and reviewed by its external auditing firm. Interestingly, Zeta criticized Culper Research for not "correctly identifying its Big Four auditor." Zeta also addressed other significant allegations, asserting that it "does not operate consent farms" and clarified concerns about round-tripping transactions. Overall, the report highlighted management's improved efforts to clear up additional uncertainty regarding the issues raised by Culper Research.
/PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities...
/PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Zeta Global Holdings Corp. ("Zeta" or the "Company") (NYSE: ZETA). Such...
Shares of advertising and marketing company Zeta Global (NYSE:ZETA) jumped 13.9% in the afternoon session after the company announced that co-founder, chairman and CEO David A. Steinberg and other senior leaders (including members of the board of directors) intend to buy approximately $3 million worth of Zeta's stock. Such purchases often signal confidence in a business. Management also provided updates related to some negative reports following its third-quarter earnings.
/PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities...
Let’s dig into the relative performance of The Trade Desk (NASDAQ:TTD) and its peers as we unravel the now-completed Q3 advertising software earnings season.
Shares of advertising and marketing company Zeta Global (NYSE:ZETA) fell 21.6% in the afternoon session after the company reported third-quarter earnings, which fell below analysts' expectations. We note that while revenue grew 42% year on year, exceeding analyst estimates, this was mostly due to "Political Candidate" revenue, which will likely not recur for long. The company noted that excluding "Political Candidate" revenue, sales grew by 31%, a deceleration compared to the 33% growth reported in the previous quarter. Guidance for the next quarter followed a similar narrative, implying 25% year-on-year sales growth "excluding LiveIntent (a recent acquisition) and political Candidate revenue." Overall, the results raise concerns about the consistency of growth going forward, as political revenues are cyclical and may not continue at the same level in non-election years. The stock's reaction suggests markets are looking past the short-term boost to growth while focusing on the bigger picture.
ZETA earnings call for the period ending September 30, 2024.
Advertising and marketing company Zeta Global (NYSE:ZETA) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 42% year on year to $268.3 million. On top of that, next quarter’s revenue guidance ($295 million at the midpoint) was surprisingly good and 9.7% above what analysts were expecting. Its GAAP loss of $0.09 per share was 44.6% below analysts’ consensus estimates.