Filing Flows › Zeta Global Holdings (ZETA) › Q2 2025
Zeta Global Holdings (ZETA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Zeta Global Holdings (ZETA) reported revenue of $308M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +17% from the quarter before. Operating margin was -1.7%, net loss $12.8M (4.2% of revenue).
Zeta Global Holdings, Q2 2025: revenue $308M (+35% year over year), operating margin -1.7%, net loss $12.8M, operating cash flow $42.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +17% | +35% |
| Operating profit | −$5.1M | — | — |
| Net earnings | −$12.8M | — | — |
| Operating cash flow | $42.0M | +21% | +35% |
| Free cash flow | $33.6M | — | — |
What changed
Revenue was $308.4M in Q2 2025, up 35% year over year and up 17% from the previous quarter.
Operating costs exceeded revenue by $5.1M, an operating margin of -1.7%. Total costs grew 23% against revenue growth of 35%. The fastest-growing cost line was Other operating costs (+34%). The quarter ended with a net loss of $12.8M, narrower than the previous quarter's $21.6M loss. Net interest and other expense of $6.5M was the main reason.
Operating cash flow was $42.0M (up 35% year over year). Non-cash charges added back $17.4M of depreciation and amortization and $46.5M of share-based compensation. Working capital and other items used $9.0M. After website and software development costs ($5.8M) and capital expenditures ($2.3M) and effect of exchange rate changes on cash and cash equivalents ($344K), free cash flow as the company reports it was $33.6M.
Questions
What was Zeta Global Holdings' revenue in the second quarter 2025?
Zeta Global Holdings (ZETA) reported revenue of $308M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +17% from the quarter before.
Was Zeta Global Holdings profitable in the second quarter 2025?
Operating loss was $5.1M (-1.7% of revenue) and net loss $12.8M.