John Sculley retires from Zeta Global board

NEW YORK - Zeta Global (NYSE: ZETA), a leading AI marketing cloud company with a market capitalization of $3.2 billion, announced today the retirement of its co-founder, John Sculley, from his roles as Vice Chairman and Board member, effective immediately. Sculley, who has served the company for 17 years, will continue to offer his expertise as Vice Chairman Emeritus. According to InvestingPro data, Zeta maintains strong financial health with a robust current ratio of 3.33, indicating solid operational stability.

Sculley, the former CEO of Apple, played an instrumental role in Zeta’s growth and innovation at the nexus of marketing and technology. His retirement was disclosed following the company’s annual meeting of stockholders. David A. Steinberg, Zeta’s Co-Founder, Chairman, and CEO, praised Sculley for his visionary leadership and foundational contributions to the company. InvestingPro analysis reveals several positive indicators for the company, with analysts predicting profitability this year.

In his tenure with Zeta, Sculley oversaw the company’s expansion and its commitment to leveraging artificial intelligence for marketing efficiency. The company credits him with helping to build a robust platform that serves enterprises across various industries, aiming to simplify sophisticated marketing strategies. This strategic focus has yielded impressive results, with revenue growing by 40% in the last twelve months to over $1 billion.

As Vice Chairman Emeritus, Sculley will remain a valued advisor to Steinberg and Zeta’s leadership team, although he will no longer be part of the company’s Board of Directors. Zeta has not indicated any immediate plans to fill Sculley’s vacated board position.

Zeta Global, founded in 2007 by Steinberg and Sculley, is headquartered in New York City and operates globally. The company specializes in using AI and consumer data to enhance marketing capabilities for its clients.

This announcement is based on a press release statement and does not contain any forward-looking statements. The company has made no further comments on the potential impact of Sculley’s retirement on its operations or board composition.

In other recent news, Zeta Global Holdings Corp reported its Q1 2025 earnings, showcasing a mixed financial performance. The company achieved a revenue of $264 million, surpassing the forecast of $254.43 million, marking a 36% increase year-over-year. However, Zeta Global’s earnings per share (EPS) fell short of expectations, recording -0.1 against the projected 0.12. Despite these mixed results, the company has raised its guidance for the year, projecting a revenue midpoint of $1.242 billion, representing a 23% growth. The company also highlighted the role of its AI-driven solutions in driving revenue growth, contributing to its strong year-over-year growth in adjusted EBITDA.

In addition, CEO David Steinberg revealed that Zeta Global has received acquisition interest, not just for its software but for the company as a whole. This announcement follows the company’s active share repurchase program and improved financial metrics, including enhanced cash conversion and improved margins. Meanwhile, KeyBanc analysts maintained a Sector Weight rating for Zeta Global, reflecting a neutral stance on the company’s stock. They previously downgraded the stock due to discrepancies between its fundamental performance and market valuation, which seems to have influenced their decision to maintain a neutral rating despite the company’s recent strong performance.

These developments indicate Zeta Global’s efforts to navigate market uncertainties while focusing on innovation and customer value delivery. The company’s strategic initiatives, including the launch of new AI products, have been instrumental in sustaining its growth trajectory. As the company continues to capitalize on these opportunities, it remains cautious in its guidance, citing potential macroeconomic uncertainties in the latter half of the year.

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