Jun. 26 at 9:05 PM
Zeta Global (ZETA) 2030 outlook — revised view
Setting the base from management guidance and known assumptions after the
$ZETA x
$PLTR partnership:
Key management framework:
• Core revenue CAGR floor ~20%
• Marigold growth flat assumption
• Political revenue conservative at ~
$15M
• Athena positioned as cross-channel growth engine
• Expected channel expansion → higher ARPU
• ~
$100M annual tailwind potential from Palantir-related revenue (FY27)
• 2026 revenue guide: ~
$1.78B mid
• 2028 revenue target: ~
$2.3B
• GAAP EPS: ~
$0.02–0.04
• Dilution: ~3–4%
My 2026 assumptions:
• Core growth: ~25% YoY
• Marigold: ~
$210M
• Political: ~
$40M
• Total revenue: ~
$1.879B
EPS view:
• Net margin ~0.8%
• Diluted shares ~234.95M
• FY26 GAAP EPS ~
$0.06
Key takeaway:
Under these assumptions,
$ZETA would be slightly ahead of revenue guidance and materially ahead on EPS expectations, driven by operating leverage and improving mix.
2026 remains the clearest visibility year, with longer-term outcomes heavily dependent on Athena scaling and ARPU expansion.
