Zeta Global raised its 2026 revenue, adjusted EBITDA and free cash flow forecasts after third-quarter sales advanced 46% from a year earlier to $493 million, lifting its annual growth target.
The company set its full-year revenue range at $1.853 billion to $1.857 billion, with a midpoint of $1.855 billion. That midpoint is $37 million above the previous forecast. The new range implies 42% growth from 2025, or 27% after excluding mergers and acquisitions and political-candidate revenue, according to Zeta's Nov. 9 earnings announcement.
Zeta reported third-quarter net income of $38 million and diluted GAAP earnings per share of $0.14. The company said revenue growth for the quarter was 30% after removing Marigold and political-candidate revenue from the comparison. Those quarterly exclusions differ from the full-year growth calculation, which excludes mergers and acquisitions as well as political-candidate revenue.
The revised adjusted EBITDA forecast spans $414.1 million to $415.2 million, centered on $414.6 million. Zeta expects free cash flow of $270.6 million to $271.6 million, with a $271.1 million midpoint.
For 2026 diluted GAAP earnings per share, the company forecast $0.22 to $0.24, putting the midpoint at $0.23. That estimate does not include a possible one-time, noncash tax benefit that could result from releasing part of a valuation allowance.
CFO Chris Greiner credited stronger third-quarter growth to customers’ increased adoption and use of Athena. Executives also said campaign-development activity exceeded twice the prior quarter’s volume, while platform hours grew by more than 50% over that period. Management identified delivery capacity as an execution challenge.
Zeta’s Oct. 8 announcement put beta release later in 2026 and a full launch in Q1 2027.
