Zeta Global Holdings Corp. - ZETA STOCK NEWS

The Zeta Economic Index (ZEI) for August 2024, released by Zeta Global (NYSE: ZETA), shows modest growth in the US economy despite challenges. The Economic Index Score increased by 0.6 to 67.4, indicating robust economic activity. The Economic Stability Index rose by 0.3 to 66.1, suggesting consumers can manage short-term financial disruptions.

Key findings include:

• 15% year-over-year increase in discretionary spending
• 10% month-over-month decline in the New Mover Index
• 4.6% drop in Job Market Sentiment Index compared to last year
• 4.1 point increase in the Automotive Index since July
• 12.6 point decrease in the Retail Index month-over-month
• Travel sector tracking 7.5 points above 2023 values despite slowdown

Zeta Global (NYSE: ZETA) has released the Zeta Economic Index (ZEI) for July 2024, an AI-powered barometer of the US economy. The ZEI shows a marginal uptick in both the Economic Index Score (67.1, up 0.3%) and Economic Stability Index (66.1, up 0.3%), indicating continued but muted economic expansion. The index utilizes Generative AI and real-time consumer behavior data from over 240 million US profiles.

New features include scores for Retail Sales Activity, Automotive Purchase Intent, and Retail Visitation Index, as well as month-over-month comparisons of consumer interest across key industries. Despite positive trends in consumer activity, a slight decline in job market sentiment suggests uneven economic growth ahead.

Zeta Global (NYSE: ZETA) announces that its Zeta Marketing Platform (ZMP) has been recognized as a Leader in The Forrester Wave™: Email Marketing Service Providers, Q3 2024. The ZMP received the highest score in the Current Offering category and achieved the highest possible scores in 13 of 22 criteria, including Vision, Artificial Intelligence, Personalization, and Legacy Tech Integration.

The report highlights Zeta's focus on enabling marketers to know and do more, as well as its detailed product roadmap for building generative AI tools. Zeta's Co-Founder and CEO, David A. Steinberg, believes the company is in the early stages of a Replacement Cycle as enterprises seek to deepen connections with consumers and achieve higher ROI on marketing programs.

Zeta Global (NYSE: ZETA) reported strong Q2 2024 results, with record quarterly revenue of $228 million, up 33% year-over-year and $16 million above guidance. The company achieved the 'Rule of 50', demonstrating accelerated growth and profitability. Key highlights include:

- Scaled Customer count increased to 468, up 8 quarter-over-quarter and 43 year-over-year
- Quarterly Scaled Customer ARPU rose to $479,000, up 22% year-over-year
- Cash flow from operating activities grew 51% year-over-year to $31 million
- Free Cash Flow increased 53% year-over-year to $20 million

Zeta raised its 2024 revenue guidance by $25 million to a midpoint of $925 million, representing 27% year-over-year growth. The company attributes its success to AI-driven marketing solutions and increased enterprise adoption of its platform.

Zeta Global (NYSE: ZETA), the AI-Powered Marketing Cloud, will announce its second quarter 2024 financial results on July 31, 2024, after market close. The company's Co-Founder, Chairman, and CEO David A. Steinberg, along with CFO Chris Greiner, will discuss the results during a conference call at 4:30 p.m. Eastern Time on the same day. Investors can access a live webcast and replay of the conference call on Zeta's Investor Relations website.

Zeta Global (NYSE: ZETA), a leading AI-powered marketing cloud, has announced a partnership with RallyPoint, a top digital platform for military personnel and veterans. This collaboration aims to enhance the experiences and support for the military and veteran community.

Zeta will utilize its expertise in personalization to improve member engagement on RallyPoint, optimizing communication channels and strengthening the peer-driven community. The AI-powered platform will support critical areas such as recruiting, readiness, transition assistance, and mental health for veterans, their families, and caregivers.

This partnership will help RallyPoint expand its community to include more American service members, veterans, family members, caregivers, and civilian supporters. Additionally, RallyPoint will assist the US government in leveraging Zeta's capabilities to unlock benefits for government agencies serving the military and veteran community.

David A. Steinberg, CEO of Zeta Global, emphasized the company's commitment to supporting those who serve the country by providing essential resources and connections. RallyPoint CEO David Gowel highlighted the goal of delivering personalized and timely support to ensure no one in the military and veteran community is left behind.

Zeta Global (NYSE: ZETA) has launched the Zeta Economic Index (ZEI), an AI-powered tool that provides real-time insights into the US economy. Utilizing proprietary data and Generative AI, the ZEI analyzes trillions of behavioral signals, drawing from an identity graph of over 240 million US adults. The index comprises two core metrics: the Economic Index Score and the Economic Stability Index. In June 2024, the Economic Index Score rose by 0.5% to 66.0, indicating active economic activity, while the Economic Stability Index increased by 0.3% to 66.1, reflecting stability despite global and domestic challenges.

The ZEI presents a snapshot of consumer behavior across multiple sectors, including automotive, dining, and healthcare. This tool is built on Zeta’s Data Cloud, which has been providing AI-driven intelligence to enterprises since 2018.

The ZEI offers a unique perspective based on actual consumer actions rather than sentiments, making it a valuable resource for understanding economic conditions and trends. However, users should note that it is not intended as investment advice.

Zeta Global (NYSE: ZETA) announced enhanced features within its Zeta Marketing Platform (ZMP) leveraging Amazon Bedrock at Cannes Lions 2024. These improvements involve advanced generative AI capabilities and Creative AI Agents that integrate onboarding, analysis, image generation, and customer workflows. Utilizing Amazon Bedrock's scalable infrastructure and generative AI foundation models, Zeta aims to provide marketers with better insights and optimized omnichannel content production. Nearly 500 marketers use Zeta Opportunity Engine (ZOE) daily, with Zeta embedding multi-purpose large language models (LLMs) like Anthropic's Claude across its platform. The collaboration is expected to enhance response times and deliver accurate, consistent outputs, with general availability scheduled for Q3 2024.

Zeta Global (NYSE: ZETA) has elected Imran Khan, an experienced technology leader, entrepreneur, and investor, to its Board of Directors. Khan, who is currently the Chief Investment Officer at Proem Asset Management and Chairman of Verishop, is expected to bring significant expertise to Zeta's governance. His election expands the board to eight members and aligns with Zeta's long-term growth plans.

Khan’s career includes pivotal roles such as Chief Strategy Officer at Snap Inc., where he played a important role in the company's IPO and expansion. He also had a leading role in Alibaba's $25 billion IPO while at Credit Suisse. Zeta’s CEO, David A. Steinberg, highlighted Khan’s financial and investment acumen as vital for driving sustainable success and enhancing shareholder value. Khan expressed excitement in joining Zeta and contributing to its innovation-driven objectives within the AI-powered marketing landscape.