Zeta Announces $100 Million Stock Repurchase Program
Zeta Global (NYSE: ZETA) announced a new $100 million stock repurchase program for its Class A common stock, extending through December 31, 2026. This supplements their existing program from August 2022, which has $14.7 million remaining and expires December 31, 2024. The company plans to use various methods for repurchases, including open market purchases and privately negotiated transactions. Management expects to generate significant free cash flow over the next two years and believes the current stock valuation presents a unique opportunity for share repurchases.
Zeta Global (NYSE: ZETA) ha annunciato un nuovo programma di riacquisto di azioni da 100 milioni di dollari per le sue azioni ordinarie di classe A, valido fino al 31 dicembre 2026. Questo programma integra quello esistente risalente ad agosto 2022, che ha un saldo residuo di 14,7 milioni di dollari ed è destinato a scadere il 31 dicembre 2024. L'azienda prevede di utilizzare vari metodi per i riacquisti, incluse le acquisizioni sul mercato aperto e le transazioni private negoziate. La direzione si attende di generare un significativo flusso di cassa libero nei prossimi due anni e ritiene che la valutazione attuale delle azioni rappresenti un'opportunità unica per i riacquisti di azioni.
Zeta Global (NYSE: ZETA) anunció un nuevo programa de recompra de acciones de 100 millones de dólares para sus acciones ordinarias de clase A, que se extenderá hasta el 31 de diciembre de 2026. Esto complementa su programa existente desde agosto de 2022, que tiene 14,7 millones de dólares restantes y vence el 31 de diciembre de 2024. La empresa planea utilizar diversos métodos para las recompras, incluyendo compras en el mercado abierto y transacciones negociadas en privado. La dirección espera generar un flujo de caja libre significativo en los próximos dos años y cree que la valoración actual de las acciones presenta una oportunidad única para la recompra de acciones.
제타 글로벌 (NYSE: ZETA)는 일반 주식 클래스 A를 위한 1억 달러 규모의 주식 매입 프로그램을 발표했으며, 이는 2026년 12월 31일까지 유효합니다. 이는 2022년 8월에 시작된 기존 프로그램을 보완하는 것이며, 이 프로그램에는 1,470만 달러가 남아 있으며 2024년 12월 31일에 종료됩니다. 회사는 공개 시장 구매 및 비공식 협상 거래를 포함한 다양한 방법으로 매입을 계획하고 있습니다. 관리 팀은 향후 2년 동안 상당한 자유 현금 흐름을 생성할 것으로 예상하며, 현재 주식 가치가 주식 매입을 위한 독특한 기회를 제공한다고 믿고 있습니다.
Zeta Global (NYSE: ZETA) a annoncé un nouveau programme de rachat d'actions de 100 millions de dollars pour ses actions ordinaires de classe A, qui s'étendra jusqu'au 31 décembre 2026. Cela complète leur programme existant depuis août 2022, qui dispose de 14,7 millions de dollars restants et expire le 31 décembre 2024. L'entreprise prévoit d'utiliser diverses méthodes pour les rachats, y compris des achats sur le marché ouvert et des transactions négociées en privé. La direction s'attend à générer un flux de trésorerie disponible significatif au cours des deux prochaines années et estime que l'évaluation actuelle des actions présente une opportunité unique pour les rachats d'actions.
Zeta Global (NYSE: ZETA) hat ein neues Aktienrückkaufprogramm über 100 Millionen Dollar für ihre Stammaktien der Klasse A angekündigt, das bis zum 31. Dezember 2026 läuft. Dieses ergänzt ihr bestehendes Programm aus August 2022, das noch über 14,7 Millionen Dollar verfügt und am 31. Dezember 2024 ausläuft. Das Unternehmen plant, verschiedene Methoden für die Rückkäufe zu nutzen, einschließlich Käufen am offenen Markt und privat ausgehandelten Transaktionen. Das Management erwartet, in den nächsten zwei Jahren einen signifikanten freien Cashflow zu generieren und ist der Meinung, dass die aktuelle Aktienbewertung eine einzigartige Gelegenheit für Aktienrückkäufe bietet.
- Authorization of new $100 million stock repurchase program through 2026
- Company expects to generate hundreds of millions in free cash flow over next two years
- $14.7 million still available from previous repurchase program
- None.
Insights
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The timing of this buyback announcement is strategic, coming when AI-focused companies are drawing significant market attention. Management's explicit statement about buying shares "substantially below" their perceived value suggests strong insider confidence in Zeta's AI-powered marketing solutions and growth trajectory. The program's flexibility in execution methods and timeline indicates a sophisticated approach to market dynamics.
The commitment to deploying excess free cash flow for buybacks, while maintaining operational investments, reflects a balanced growth strategy that should resonate well with institutional investors.
Under the 2024 repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase program does not obligate the company to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the company’s discretion.
“The Board's decision to deploy a meaningful percentage of Zeta's excess free cash flow over the next two years to repurchase shares highlights our conviction in the company’s strategy and long-term potential of the business," said David A. Steinberg, Zeta’s Co-Founder, Chairman & CEO. "We see this as a unique opportunity to buy our stock at substantially below what we believe it's worth. We are confident Zeta is well-positioned to accelerate growth in 4Q’24, 2025 and beyond.”
Chris Greiner, Zeta’s CFO, added: “We expect to generate hundreds of millions in free cash flow over the next two years. We believe our current valuation has created a unique opportunity to repurchase shares, and we can see no better use for our excess free cash flow."
About Zeta
Zeta Global (NYSE: ZETA) is the AI-Powered Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results. The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113826436/en/
Investor Relations
Madison Serras
ir@zetaglobal.com
Press
Candace Dean
press@zetaglobal.com
Source: Zeta Global
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