By Natalie Weger
Zeta Global Holdings shares surged after the company upped its full-year revenue guidance and reported second-quarter revenue above analyst expectations.
Shares were up 27% at $20.22 on Wednesday, on pace for the largest percent increase since October 2021. The stock is up 12% this year.
The company on Tuesday increased its full-year revenue guidance to between $1.26 billion and $1.27 billion, compared with its previous outlook of $1.24 billion to $1.25 billion.
Zeta said second-quarter revenue increased 25% to $308.4 million, beating analyst expectations of $296.7 million, according to FactSet.
The company narrowed its loss to $12.8 million, or 6 cents a share, compared with a loss of $28 million or 16 cents a share, last year. Analysts forecast a loss of 6 cents.
The company also increased its third-quarter revenue guidance to a range of $327 million to $329, up $5 million at the midpoint from the prior guidance.
"We laid out an ambitious plan for 2028 revenue and free cash flow in February, and our first-half results put us firmly on track to meet those goals," Chief Financial Officer Chris Greiner said.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
August 06, 2025 12:48 ET (16:48 GMT)
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