Zeta Global (ZETA) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Zeta Global published the results on November 9, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Zeta Global reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Non-GAAP net income per share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Zeta closed its acquisition of Marigold's Enterprise Business on November 24, 2025, so Q3 2026 includes $48.0 million of Marigold revenue that Q3 2025 does not.
• Zeta reports in thousands of dollars; figures here are rounded to tenths of a million.

Source: Zeta Global Q3 2026 results, November 9, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Zeta Global splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Zeta Global's US revenue was $455 million in Q3 2026, up 40% from $325 million in Q3 2025, 92% of total revenue.
• Zeta Global's International revenue was $37.3 million in Q3 2026, up 211% from $12.0 million in Q3 2025, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first quote is Zeta's Q4 2026 revenue range; the second is full year 2026. Zeta also guides Q4 adjusted EBITDA of $135.2 million to $136.3 million and full-year free cash flow of $270.6 million to $271.6 million.

In its Q3 2026 release, Zeta Global said:

“Increasing revenue guidance to a range of $521 million to $525 million, up $15 million at the midpoint from the prior guidance of $508 million.”

“Increasing revenue guidance to a range of $1,853 million to $1,857 million, up $37 million at the midpoint from the prior guidance of $1,818 million.”

“Increasing full year 2026 GAAP EPS guidance to a range of $0.22 to $0.24, up $0.13 at the midpoint from prior guidance of $0.09 to $0.11.”

“This guidance excludes the potential impact of a one-time, non-cash tax benefit from the release of a portion of our valuation allowance, which we believe has a reasonable possibility of occurring within the next 12 months.”

Source: Zeta Global Q3 2026 release, Nov 9, 2026.

This is the company's own guidance as of Nov 9, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ZETA forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenues as first reported in each quarter's release. Zeta's Q1 2026 and Q3 2025 releases print no per-share figure, so those EPS figures come from the 10-Q linked in that row. Zeta never published a Q4 2025 EPS figure (the 10-K gives only the full-year loss of $0.14 a share), so that cell is blank.

We do not hold a confirmed date for Zeta Global's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 9, 2026

Zeta Global's Q3 2026 revenues were $492.7 million, up 46.1% from $337.2 million. The 10-Q attributes $87.2 million of the increase to new customers and $68.3 million to existing customers, and says Marigold's Enterprise Business, acquired in November 2025, contributed $48.0 million. Excluding Marigold and $7.4 million of political candidate revenue, Zeta puts the quarter at $437 million, up 30%. (Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026; Zeta Global Q3 2026 release, Nov 9, 2026)

Zeta's revenue comes from use of its platform through subscription fees, volume-based utilization fees and professional services fees. Direct platform revenue, earned entirely through Zeta's own platform, was 71% of Q3 2026 revenue against 75% a year earlier, and integrated platform revenue, which relies on integrations with third parties, was 29% against 25%. (Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026)

Zeta tracks its largest accounts as super-scaled customers. There were 212 at September 30, 2026, against 180 a year earlier, and their average revenue per user (ARPU) in the quarter was $2.0 million, against $1.6 million. One customer accounted for more than 10% of Zeta's total revenues in the first nine months of 2026. (Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026)

In Q3 2026 Zeta's US revenues were $455.3 million and international revenues $37.3 million, up from $12.0 million a year earlier. After the quarter Zeta bought Senso Agentic Inc. on October 7, 2026 for about $27.5 million and Social Audience B.V. on October 22, 2026 for about $35.0 million, both partly paid in Class A shares. (Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026)

Zeta Global earned diluted GAAP EPS of $0.14 in Q3 2026, against a loss of $(0.02) a year earlier, on net income of $38.3 million against a net loss of $3.6 million. Its non-GAAP net income per share was $0.38, against $0.24. The largest add-back is stock-based compensation of $50.0 million ($0.19 a share), followed by amortization of acquired intangibles of $13.6 million ($0.05), with smaller amounts for restructuring, acquisition-related expenses and other expenses, net. (Zeta Global Q3 2026 release, Nov 9, 2026)

Income from operations rose to $45.9 million from $8.8 million. Cost of revenues rose 46.8%, mainly from $53.7 million of incremental media costs tied to the added revenue. Other expenses, net fell to $2.7 million from $11.7 million; this line includes changes in the fair value of acquisition-related liabilities from the LiveIntent acquisition. The income tax provision was $4.0 million. (Zeta Global Q3 2026 release, Nov 9, 2026; Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026)

The weighted average share count used for GAAP EPS was 264,631,219, against 222,440,882 a year earlier, and 269,917,932 for non-GAAP EPS. Zeta repurchased 1,280,261 shares for $29.9 million in the quarter. Full-year GAAP EPS guidance excludes a possible one-time, non-cash tax benefit from releasing part of Zeta's valuation allowance. (Zeta Global Q3 2026 release, Nov 9, 2026; Zeta Global Form 10-Q, Q3 2026, Nov 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Zeta Global gives quarterly and full-year guidance in each release and calls Q3 2026 its 21st consecutive beat and raise quarter, with revenue $22 million above the midpoint of its guidance. For Q4 2026 it raised revenue guidance to $521 million to $525 million from a midpoint of $508 million, and adjusted EBITDA to $135.2 million to $136.3 million. (Zeta Global Q3 2026 release, Nov 9, 2026)

For full year 2026 Zeta now guides revenue of $1,853 million to $1,857 million (prior midpoint $1,818 million), adjusted EBITDA of $414.1 million to $415.2 million, free cash flow of $270.6 million to $271.6 million and GAAP EPS of $0.22 to $0.24, up from $0.09 to $0.11. (Zeta Global Q3 2026 release, Nov 9, 2026)

A consensus figure is the average of the models published by the analysts who cover Zeta Global, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Zeta Global's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ZETA is on is ZETA a buy or a sell?, what analysts expect next is on the ZETA forecast, and what the company does is on the Zeta Global (ZETA) stock page.

Every number on this page can be traced to a document Zeta Global published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.