Zeta Global Holdings Corp. (ZETA) stock plummeted 5.10% in pre-market trading on Wednesday, following the release of its fourth-quarter 2024 earnings results and weak guidance for the first quarter of 2025.
The marketing technology company reported mixed results for Q4 2024. While it delivered a revenue beat of $314.7 million, surpassing analyst estimates of $295 million, Zeta missed on the earnings front. The company reported adjusted earnings per share of $0.20, falling short of the consensus estimate of $0.23.
More concerning for investors was Zeta's guidance for the first quarter of 2025. The company projected revenue in the range of $253 million to $255 million, slightly below Wall Street's expectations of around $254.1 million. This revenue guidance, combined with Zeta's full-year 2025 revenue growth forecast of 23.3%, suggests a significant slowdown in demand compared to the previous year's 37% growth rate, disappointing investors and causing the stock to plummet in pre-market trading.