Zeta Global (ZETA) Stock Snaps Back 7% as Analysts Applaud 21st Straight Quarterly Beat

TLDR

Zeta Global (ZETA) stock rose about 7% on Tuesday after Q3 results.
Revenue hit $492.7 million, up 46% from a year ago.
The company raised its 2026 outlook for revenue, adjusted EBITDA, free cash flow and GAAP EPS.
Super-scaled customers rose 18% to 212.
KeyBanc kept its $38 target, while Needham and Truist sit at $40.

Zeta Global (ZETA) stock jumped about 7% on Tuesday. The move came a day after the company posted third-quarter results that beat expectations.

Zeta Global Holdings Corp., ZETA

That is a quick turnaround. The stock slipped about 3% in after-hours trading on Monday, even after gaining 4% in the regular session.
Zeta reported revenue of $492.7 million, up 46% from a year ago. Adjusted earnings came in at $0.38 per share.

$ZETA GLOBAL Q3’26 EARNINGS HIGHLIGHTS
Revenue: $492.7M (Est. $474M) ; +46% YoY GAAP EPS: $0.14 Adj. EBITDA: $121.0M (Est. $116M) ; +140 bps margin YoY FCF: $81.5M (Est. $68.3M) ; +73% YoY
Customers & Assets: Super-Scaled Customers: 212; +18% YoY… pic.twitter.com/RBqNzaRH4e
— Wall St Engine (@wallstengine) November 9, 2026

Growth excluding Marigold and political candidate revenue was 30%. That is up from 28% in the prior quarter.
GAAP net income was $38.3 million, compared with a loss of $3.6 million a year earlier. Adjusted EBITDA was $121.0 million, a 24.6% margin.
Cash Flow and a Higher Outlook
Operating cash flow was $91.3 million, and free cash flow was $81.5 million. KeyBanc noted that free cash flow growth of 73% outpaced revenue growth.
Zeta raised its 2026 outlook for revenue, adjusted EBITDA, free cash flow and GAAP EPS. Revenue is now expected between $1.853 billion and $1.857 billion.
GAAP EPS guidance is now $0.22 to $0.24. It was the company’s 21st straight “beat and raise” quarter.
Management also gave early guidance for fiscal 2027. It sees organic growth of 20% to 21% excluding political revenue, which Needham called modestly ahead of consensus.
The company says it is nearing some fiscal 2028 targets. It also says it is ahead of schedule on its fiscal 2030 goals.
The Big Customers Lead the Way
Super-scaled customers rose 18% to 212. Their average revenue per user climbed 22% to $2.0 million.
Both figures sped up from the prior quarter and sit ahead of the company’s 2028 model. Zeta credits more adoption and use of Athena.
Zeta also pointed to early traction from its Palantir partnership and strong interest in AthenaOS. A sales pipeline from its Live event looks much bigger than last year.
Needham kept its Buy rating and $40 target. Analyst Scott Berg said the 4.6% revenue beat falls within Zeta’s usual range and points to steady demand.
Truist also lifted its target to $40 with a Buy rating. The stock has gained 89% over the past six months.
On Tuesday, KeyBanc reiterated its Overweight rating and $38 target. The firm said the first pilot tied to the Palantir partnership has become a customer expected to reach super-scaled status in November.
The post Zeta Global (ZETA) Stock Snaps Back 7% as Analysts Applaud 21st Straight Quarterly Beat appeared first on Blockonomi.