Abstract
Zeta Global Holdings Corp. will report quarterly results on April 30, 2026, Post Market, with current expectations pointing to revenue of 370.40 million US dollars and EPS of 0.12; this preview summarizes last quarter’s performance, the consensus outlook for the current quarter, key operating drivers likely to sway the print, and prevailing analyst opinions.Market Forecast
Consensus for the current quarter centers on revenue of 370.40 million US dollars, up 45.72% year over year, EBIT of 35.72 million US dollars, up 38.07% year over year, and EPS of 0.12, up 5.79% year over year; formal forecasts for gross profit margin and net profit margin are not indicated, and thus are omitted. Based on the company’s last reported mix, the core “Platform Direct Revenue” stream is expected to remain the dominant contributor, while the bundled “Platform Integrated Revenue” stream is positioned to extend its recent traction alongside newly released AI features.The main business continues to be characterized by a high-revenue core anchored in direct platform monetization, supported by expanding product breadth and improving unit economics inferred from last quarter’s 59.49% gross margin. The most promising area is the integrated platform bundle that ties multiple modules and AI capabilities together, which contributed an estimated 102.61 million US dollars last quarter; specific year-over-year growth by segment has not been disclosed.
Last Quarter Review
Zeta Global Holdings Corp. delivered revenue of 394.64 million US dollars last quarter, with a gross profit margin of 59.49%, GAAP net profit attributable to the parent company of 6.54 million US dollars and a net profit margin of 1.66%, while adjusted EPS came in at 0.28, up 12.00% year over year. A noteworthy financial highlight is that net profit accelerated quarter on quarter by 279.94%, supported by EBIT of 75.37 million US dollars, which increased 40.67% year over year. In terms of business mix, “Platform Direct Revenue” contributed approximately 74% of quarterly revenue (about 291.03 million US dollars), while “Platform Integrated Revenue” accounted for about 26% (about 102.61 million US dollars); segment-level year-over-year comparisons were not provided.Current Quarter Outlook
Main business: Platform Direct Revenue
Consensus implies a seasonal sequential step-down from the prior quarter’s peak to 370.40 million US dollars in total revenue while maintaining a robust 45.72% year-over-year increase, and the direct revenue stream is likely to anchor this performance. Within this stream, the company’s emphasis on expanding wallet share with existing enterprise customers and continuing migrations or expansions onto its platform can support durable volume even as seasonal effects moderate quarter-on-quarter trends. Prior-quarter margins at 59.49% provide a constructive baseline; while there is no formal gross margin forecast for the current quarter, consensus EPS of 0.12 and EBIT of 35.72 million US dollars suggest the market anticipates operating leverage to be maintained despite typical first-quarter seasonality.The durability of direct revenue in the near term will hinge on the balance between new customer activations and usage growth among current customers. Signals that matter into the release include management’s commentary on net revenue retention, the pace of new enterprise go-lives, and the extent to which AI-driven tools are increasing campaign throughput and conversion performance. Any disclosure about pipeline conversion rates or average contract values would help investors gauge whether the direct stream can sustain its year-over-year expansion in the second quarter and beyond.
Most promising business: Platform Integrated Revenue
The integrated platform bundle—estimated at 102.61 million US dollars of revenue last quarter—remains well positioned to benefit from broader product adoption and cross-module attach, particularly given the recent general availability of Athena, the company’s artificial intelligence-powered marketing software. While segment-level year-over-year growth was not disclosed, investors will look for qualitative and quantitative proof points that the integrated suite is driving larger deals, higher attach rates, and faster implementation cycles. With consensus revenue up 45.72% year over year for the current quarter, upside to forecasts would likely require visible momentum in integrated deployments that measurably expand usage.Athena’s rollout introduces a new lever for the integrated suite: a conversational interface that can analyze business data and deliver predictive recommendations, including adaptive revenue forecasting and campaign optimization. For the quarter at hand, meaningful traction indicators would include customer counts adopting Athena, expansion of pilot programs into paid contracts, and examples of how the tool is contributing to higher spend per account. If management demonstrates that Athena is being bundled effectively with the broader suite—improving time-to-value and enabling data-driven budget allocation—this segment could outperform internal ramps, supporting sustained revenue growth in the mid-term.
Key stock price drivers this quarter
Three elements could have an outsized impact on the stock reaction on the print. First, adoption and monetization signals around Athena will be closely watched. Concrete evidence of enterprise uptake—such as a growing roster of live deployments, usage intensity metrics, or initial upsell contribution—would validate that the AI layer is not only shipping but also influencing budgets and outcomes. Second, forward-looking disclosures around bookings, billings, or deferred revenue will help triangulate whether the current quarter’s growth is setting up a constructive base for the second quarter and the second half of 2026. Commentary that connects the dots between pipeline health, sales cycle duration, and conversion rate to revenue would be especially impactful in contextualizing the 38.07% year-over-year EBIT growth implied by consensus.Third, capital allocation and balance-sheet signals matter. The recently announced 100.00 million US dollars share repurchase program provides management flexibility to counter volatility and underscores confidence in medium-term fundamentals. Management also publicly rebutted a short-seller report earlier in the year; updating investors on any due diligence steps taken in the aftermath and reiterating performance transparency could help steady sentiment. Combined with any color on cash generation and working capital dynamics, such updates could frame the EPS path implied by consensus at 0.12 this quarter and shape expectations for operating leverage through the year.
Analyst Opinions
Bullish opinions clearly outnumber bearish views in the year-to-date period, with recent published ratings and previews skewing positive; among the views surveyed since January, the ratio is effectively 100% bullish to 0% bearish. Multiple well-followed institutions reaffirm constructive stances alongside updated price targets. Analysts at RBC Capital maintained a Buy view with a 27.00 US dollars price target during February, emphasizing the company’s operating momentum while modestly trimming the target to reflect valuation discipline. B. Riley Securities reiterated its Buy rating in April and has discussed a target range around 28.00 to 30.00 US dollars, highlighting early 2026 execution and catalysts tied to product innovation. Canaccord Genuity reiterated a Buy rating in the first quarter with a 30.00 US dollars target and pointed to strong early-year momentum and strategic AI collaborations as supportive factors.The majority view anticipates that the current quarter’s revenue growth of 45.72% year over year can be delivered with manageable seasonality, and that profitability can continue to improve on a year-over-year basis, consistent with the 38.07% EBIT growth implied by consensus. Bulls emphasize three main planks. First, last quarter’s 59.49% gross margin and 279.94% quarter-on-quarter rebound in net profit signal improving economics and better scaling of the operating base, which, if sustained, support the consensus EPS of 0.12 despite seasonal revenue normalization from 394.64 million US dollars to 370.40 million US dollars. Second, the integrated platform’s attach motion, reinforced by the general availability of Athena, provides a pathway for larger contracts and higher per-customer spend, with the prior quarter’s mix indicating integrated revenue already contributes roughly a quarter of total revenue. Third, the capital allocation update featuring a 100.00 million US dollars repurchase authorization, combined with proactive investor communication, helps stabilize the equity narrative as execution advances.
In-depth, bullish analyses also underscore how the combination of recurring revenue scale and expanding product breadth can sustain double-digit year-over-year increases in revenue and EBIT through 2026 if adoption trends hold. While formal guidance for gross and net margins for the current quarter is not provided, bulls generally infer that the company’s margin baseline is resilient enough to accommodate investments in AI and go-to-market productivity while continuing to deliver year-over-year EPS growth of 5.79% this quarter. Furthermore, these analysts point to the cadence of “beat-and-raise” communications in prior quarters as evidence of conservative planning and healthy demand visibility, noting that the last quarter delivered revenue of 394.64 million US dollars versus a 379.23 million US dollars consensus estimate and produced adjusted EPS of 0.28.
The constructive camp also frames potential upside levers. If management quantifies early Athena contributions, confirms accelerating attach rates for the integrated bundle, or reports better-than-anticipated conversion of late-stage opportunities into signed deals, bulls expect the company to either meet or surpass the 370.40 million US dollars revenue estimate. Should operating expense discipline keep pace with revenue growth, EBIT could land above the 35.72 million US dollars consensus, and even modest outperformance could compound into a higher implied EPS run-rate for subsequent quarters. Analysts also observe that the alignment of product roadmap milestones with customer-facing go-lives in the second quarter could establish a favorable setup for the second half, especially if bookings and billings metrics demonstrate that pipeline conversion improved through March.
In summary, analyst sentiment heading into April 30, 2026 is firmly positive, anchored by year-over-year growth embedded in consensus, a strengthening profitability trajectory evidenced by last quarter’s results, and product-led catalysts now in general availability. The bullish case anticipates that Zeta Global Holdings Corp. can deliver on the 45.72% revenue growth outlook, maintain a high gross margin foundation, and translate operating scale into incremental EPS, with the pathway to further estimate revisions upward contingent on concrete proof of AI-driven adoption and integrated-suite upsell during the quarter.
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