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Zeta Global CEO David A. Steinberg Responds To Short-Seller Report
Nov 14, 2024
David A. Steinberg, Co-founder and CEO of Zeta Global, dives into addressing the recent short-seller report challenging his company. He discusses how Fortune 100 businesses utilize AI to enhance marketing efficiency and reduce costs. Steinberg defends Zeta’s practices, emphasizing transparency and integrity in data use. He highlights the company's stellar financials, stock performance, and strategic maneuvers, reassuring investors of Zeta's resilience and growth potential despite market criticisms.
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Quick takeaways
- Zeta Global has showcased remarkable financial growth, with a 42% revenue increase and 92% cash flow growth year-over-year, demonstrating strong demand for its AI-driven marketing solutions.
- In response to recent short-seller allegations, CEO David A. Steinberg defended the company's practices, emphasizing transparency and commitment to legitimate data sourcing to rebuild investor confidence.
Deep dives
AI-Driven Marketing and Business Growth
Zeta Global serves as a prominent player in the AI-driven marketing landscape, assisting large enterprises in efficiently managing customer acquisition, retention, and monetization. The company has established itself as a critical resource for 40% of the Fortune 100 companies, utilizing first-party data to enhance customer understanding and interaction through advanced AI methodologies. Over recent quarters, Zeta has achieved impressive growth metrics, including a 42% increase in revenue and a staggering 92% in free cash flow year-over-year. This growth is attributed to both the increasing client base and the scaling of existing clients, reflecting a strong demand for effective marketing technology.
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