Zeta Global posts 20th straight beat with 44% revenue growth and first positive GAAP net income

Zeta Global reported its 20th consecutive quarter of beating expectations with a 44% year-over-year revenue increase and its first-ever positive GAAP net income. The company’s adjusted EBITDA margin rose to 20.7%, and free cash flow grew 73%, showing improved operating leverage. Full-year guidance was raised, with organic growth expected to accelerate to 24-25%. The stock has rallied significantly, reflecting confidence in Zeta Global's growth and margin improvements, though the margin of safety has narrowed.