Zeta Global Holdings Corp

Zeta Global Holdings Corp (NYSE: ZETA) operates a data-driven omnichannel cloud platform that delivers consumer intelligence and marketing automation solutions to enterprise clients.

Key Business Updates

• Strong Revenue Growth and Outperformance Against Guidance: Zeta Global reported robust financial results for the second quarter ended June 30, 2025, delivering revenue of USD 308 million, representing a 35% year-over-year increase and exceeding the midpoint of its guidance by USD 11 million. The company attributed this performance to sustained demand for its AI-powered marketing platform, reflecting its ability to drive customer engagement and expand market share across key verticals.
• Enhanced Profitability and Cash Flow Generation: The company demonstrated significant improvements in profitability and cash generation. Net cash provided by operating activities rose 35% year-over-year to USD 42 million, while free cash flow surged 69% year-over-year to USD 34 million. These results underscore Zeta’s disciplined cost management, strong operating leverage, and expanding margins, positioning the firm to sustain its capital efficiency while continuing to scale.
• Capital Structure Discipline and Shareholder Returns: Zeta maintained a stable capital structure, ending the quarter with zero net dilution compared to the first quarter of 2025 and remaining on track to achieve its full-year dilution and stock-based compensation (SBC) expense targets. As of July 25, 2025, the company had utilized USD 85 million of its USD 100 million share repurchase authorization approved in November 2024, demonstrating management’s commitment to shareholder value creation.
• Expanded Share Repurchase Authorization: Reinforcing its confidence in future cash flow generation and long-term growth trajectory, Zeta’s board of directors approved a new USD 200 million stock repurchase program over two years, supplementing the existing authorization. The program enables repurchases through open-market transactions or other methods, offering flexibility to respond to market conditions while optimizing capital allocation and mitigating dilution from equity awards.
• Upward Revision to Full-Year 2025 Outlook: Reflecting strong execution and visibility into its pipeline, Zeta raised its full-year 2025 guidance across key metrics. The company now expects revenue between USD 1.258 billion and USD 1.268 billion, representing 25%–26% year-over-year growth. Adjusted EBITDA is forecasted to range from USD 263.6 million to USD 265.6 million, marking 37%–38% growth, while free cash flow is projected between USD 140 million and USD 144 million, an increase of over 50% year-over-year. These revisions highlight the company’s accelerating operating momentum and strong earnings trajectory.

Technical Observation (on the daily chart):

Zeta Global’s stock is consolidating after a steady recovery since mid-2025, with prices hovering near USD 19. The 20-day and 50-day moving averages are converging, indicating a potential base formation. Momentum remains neutral (RSI ~ 49), and a breakout above USD 20 could signal renewed strength, while support lies around USD 18, marking a key level to watch.

Zeta Global delivered a strong second quarter with revenue and cash flow exceeding expectations, supported by accelerating demand for its AI-driven marketing platform. The company’s robust profitability, disciplined capital management, and expanded USD 200 million share repurchase program underscore management’s confidence in sustainable growth. With upwardly revised full-year guidance and continued innovation momentum, Zeta remains well positioned to capture market share and drive long-term shareholder value.

As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘Buy’ rating has been given to Zeta Global Holdings Corp (NYSE: ZETA) at the closing market price of USD 18.87 as of Oct 27,2025. 

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risk: This report may be looked at from a high-risk perspective and a recommendation is provided for a short duration. This report is solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is October 27,2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.