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Zeta Global Q3 Net Loss Narrows, Revenue Increase; Revenue Guidance Raised -- Share Up After Hours
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Zeta Global Q3 Net Loss Narrows, Revenue Increase; Revenue Guidance Raised -- Share Up After Hours
Nov 11, 2024 1:44 PM

04:23 PM EST, 11/11/2024 (MT Newswires) -- Zeta Global ( ZETA ) reported a Q3 net loss Monday of $0.09 per diluted share, narrowing from the $0.27 loss per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.06 per share.

Revenue for the quarter ended Sept. 30 was $268.3 million, up from $189 million a year earlier. Analysts polled by Capital IQ expected $252.5 million.

For Q4, the company now expects revenue of $293 million to $297 million, up $32 million at the midpoint from prior guidance. Analysts polled by Capital IQ are expecting $268.8 million.

For 2024, the company now expects revenue of $984.1 million to $988.1 million, up $61 million at the midpoint from the prior guidance. Analysts surveyed by Capital IQ are expecting $943 million.

Shares of the company were up 4% in recent after-hours activity.

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