Zeta Global Holdings Corp. Q1 FY2026 earnings call

• Delivered 19th consecutive beat and raise quarter, driven by structural shift in market with AI driving replacement cycle. • AI is core, with proprietary data, compounding intelligence, and AI - core platform allowing customer consolidation. • Athena by Zeta is an accelerant, with beta customers and early adoption contributing to revenue beat. • Strong market share gains due to AI - driven approach, with Athena influencing decision makers and helping win deals. • Super - scaled customer count grew to 189, up 19% year - over - year. Super - scaled customer ARPU was $1.7 million, up 21% year - over - year. • Marigold integration is progressing rapidly, with operating synergies expected to benefit adjusted EBITDA margin. • Broad - based strength across business with existing and new customers contributing to revenue growth, and various industries and use cases showing double - digit growth.

First quarter revenue was $396 million, representing year - over - year growth of 50%, and up 29% year - over - year ex - marigold. Adjusted EBITDA was $66 million, up 42% year over year. Super - scaled customer ARPU was up 21% year over year. Net retention rate remained above the target range of 110 to 115%. The number of super - scaled customers using more than one use case was up over 50% year - over - year at scale. Revenue contribution is driven by various segments with the overall growth and ARPU expansion being key metrics.

• Raised the midpoint of 2026 revenue guidance by $30 million to $1,785,000,000, representing growth of 37%. • For the second quarter, expects revenue of $420 million at the midpoint, $4 million higher than previous guidance. • Increased the midpoint of 2026 adjusted EBITDA guidance to $397 million, up 6 million from prior guidance. • For the second quarter of 2026, expects adjusted EBITDA of 86.6 million at the midpoint. • Increased 2026 free cash flow guidance to $235 million at the midpoint.