Zeta Global Holdings Corp. Q3 2026 Earnings Recap

Zeta’s shares rose 8.2% after the company reported 46% revenue growth and raised the midpoint of 2026 revenue guidance by $37 million. The quarter also showed expanding adjusted EBITDA margin and higher free cash flow.

Key Takeaways

• Q3 revenue was $493 million, up 46% year over year; growth was 30% excluding Marigold and political candidate revenue.
• Adjusted EBITDA increased 55% to $121 million, with margin expanding 140 basis points to 24.6%.
• Free cash flow rose 73% to $82 million. GAAP diluted EPS was $0.14, compared with a loss of $0.02 a year earlier; non-GAAP EPS was $0.38, up 58%.
• Zeta raised the midpoint of 2026 revenue guidance by $37 million to $1.855 billion, implying 42% growth year over year.
• AthenaOS remains early-stage: it is in alpha, with select-customer beta use expected this year and general availability expected in Q1 2027.