Welcome to our dedicated page for Zeta Global Holdings news (Ticker: ZETA), a resource for investors and traders seeking the latest updates and insights on Zeta Global Holdings stock.
Zeta Global Holdings Corp. (NYSE: ZETA) is a data-driven technology company that excels in acquiring and retaining customers through precision marketing. Founded in 2007 by David A. Steinberg and John Sculley, the former CEO of Apple Computer and Pepsi-Cola, Zeta Global is a pioneer in data-driven marketing technology.
Leveraging advanced data science, analytics, strategy, and award-winning creative capabilities, the company creates optimized customer experiences. Their SaaS-based platform, the Zeta Marketing Platform (ZMP), provides enterprises with consumer intelligence and marketing automation software. This omnichannel marketing platform, powered by identity data, is capable of analyzing billions of structured and unstructured data points. By utilizing sophisticated machine learning algorithms and an extensive opted-in data set, ZMP predicts consumer intent and executes omnichannel marketing strategies.
Zeta Global serves over 500 Fortune 1000 and middle market brands across various industries, including financial services, insurance, telecommunications, automotive, travel, hospitality, and retail. The company operates on four continents and employs over 1,300 individuals. Headquartered in New York City, Zeta Global also has centers of excellence in Silicon Valley, Boston, London, and Hyderabad, India, alongside 25 additional offices globally.
In recent news, Zeta Global has partnered with Group Black, a Black-owned media company, to launch the Group Black Audience and Insight Platform. This collaboration aims to connect brands with diverse audiences, particularly Black and Hispanic sectors, by leveraging Zeta’s advanced marketing platform to activate personalized omnichannel experiences. This partnership is a significant step towards enhancing brand growth and ensuring more authentic engagement with underrepresented groups.
Zeta Global (NYSE:ZETA) has released its December 2024 Zeta Economic Index (ZEI), showing strong economic indicators and consumer confidence. The Economic Index Score (EIS) reached 71.5 points, marking a 0.6 point month-over-month increase and hitting its highest level since April 2021. The Economic Stability Index (ESI) rose to 66.9, showing a 0.6% quarter-over-quarter improvement.
Key findings include: Consumer technology interest increased by 5.6 points month-over-month, financial services spending grew by 3.0 points, and retail activity saw a 4.2% monthly increase despite a 0.5% decrease in in-store visitation. Travel activity grew by 2.0 points, while job market sentiment showed a slight 0.9% decrease following November's 13.9% surge.
The ZEI, powered by AI technology analyzing data from over 240 million US consumers, indicates stable consumer spending despite inflation reaching 2.7%. The index uses over 20 proprietary inputs and real-time behavioral signals to provide comprehensive economic insights.
Zeta Global (NYSE: ZETA) has appointed Pamela Lord as its new President of Customer Relationship Management (CRM). Lord brings over 25 years of experience in marketing technology, previously serving as Group Vice President and General Manager at Oracle, where she managed B2B and B2C marketing cloud customers.
Reporting to Zeta's President Steven Gerber, Lord will oversee go-to-market strategy and customer development efforts across Zeta's CDP, ESP, and mobile solutions. The appointment aims to drive growth and retention use cases for enterprise clients. Lord succeeds Matthew Mobley, who will transition to Chief Operating Officer while continuing to report to Steven Gerber.
The appointment comes at a strategic time as Zeta focuses on AI-driven marketing and generative AI developments in the industry. The company aims to strengthen its position in AI-powered marketing through this leadership enhancement.
Zeta Global (NYSE:ZETA) has released a statement regarding Omnicom's announced acquisition of Interpublic Group of Companies (IPG). During the Zeta Data Summit, CEO David Steinberg commented on the merger, expressing pride in Zeta's relationships with both Omnicom and IPG. He stated that the announcement is positive for both the industry and Zeta, indicating they will monitor the progression of the merger and offer support as needed.
Zeta Global reported significant growth in its Marketing Platform usage during the Cyber Five period (Thanksgiving to Cyber Monday), with a 108% year-over-year increase and 100% uptime. The platform's success comes at a important time as the holiday shopping season is five days shorter this year.
According to a Zeta survey of over 6,000 consumers, 53% plan to start their holiday shopping in December, marking an 8% increase from the previous year. This trend is supported by Zeta's behavioral data showing reduced holiday-related activity in October and November compared to previous years. With consumer confidence at a 16-month high, the company anticipates strong demand for digital marketing tools throughout the remainder of the holiday season.
The Zeta Economic Index (ZEI) for November 2024 shows strong economic momentum with the Economic Index Score (EIS) reaching 70.9 points, a 2.4-point increase month-over-month and the highest since April 2021. The report, powered by AI analysis of 240 million US consumers, reveals significant trends: a 34.7% increase in relocation searches, 13.9% rise in Job Market Sentiment, and retail activity growth of 4.7 points. Consumer behavior shows positive response to recent events including the presidential election conclusion and federal funds rate reduction. Retail sales activity increased 7.2% month-over-month, while travel sector interest rose 5.5 points.
Zeta Global (NYSE:ZETA) has announced its upcoming virtual Zeta Data Summit scheduled for December 9, 2024, from 8:30 AM to 12:00 PM EST. The summit will showcase how Zeta is leading the AI-powered revolution in marketing through its Data Cloud platform.
Attendees will gain insights into Zeta's Data Cloud operations, governance, and responsible data practices. The event will feature product demonstrations, use case examples, and industry expert perspectives on AI-powered personalization in marketing. Key speakers include the company's leadership team, including Co-Founder and CEO David A. Steinberg, CFO Chris Greiner, and other executive officers.
Zeta Global (NYSE: ZETA) has published a detailed rebuttal addressing claims made in a short seller report from November 13, 2024. The company strongly refutes the report's allegations, characterizing them as misleading and false statements designed to decrease the stock value. CEO David A. Steinberg affirmed that Zeta's data management, privacy practices, and financial reporting comply with relevant laws. The company highlighted its confidence through a recently authorized $100 million stock repurchase program and insider stock purchases by management and board members. Zeta is actively using the current stock price dislocation to accelerate its buyback program.
Zeta Global (NYSE: ZETA) announced that a forensic review completed in 2022-2023 found its practices sound and financial statements accurate, countering recent allegations in a misleading report. The review, conducted by Latham & Watkins LLP and external forensic accountants, was initiated after learning of a federal investigation into Kubient, Inc., a former business partner before Zeta's 2021 IPO. The review confirmed the accuracy of Zeta's financial statements and the effectiveness of internal controls. The company addressed the recent Critical Audit Matters (CAM) disclosure, noting it's a common practice among public companies and doesn't indicate control deficiencies.
Zeta Global (NYSE: ZETA) announced that CEO David A. Steinberg, company leadership, and board members plan to purchase approximately $3 million worth of Class A common stock on November 18, 2024. The announcement comes in response to what Steinberg describes as a recent report containing false claims about the company. Steinberg expressed confidence in the company's integrity and stated his belief that the current share price is undervalued, emphasizing the company's strong performance for shareholders over the past three years.
Zeta Global (NYSE:ZETA) announced a webinar scheduled for Wednesday, November 20 at 3:30 p.m. Eastern Time, hosted by William Blair's Partner Arjun Bhatia. Key company executives, including CEO David Steinberg, CFO Chris Greiner, and Audit Committee Chair Robert Niehaus, will discuss the company's accounting processes, controls, data collection policies, and privacy oversight. The webinar follows a recent short-seller report, to which Zeta has issued a preliminary response. Registration is available through William Blair representatives, and a replay will be accessible on Zeta's Investor Relations website.
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