Zeta Global gains amid results, CEO comments on M&A interest

Zeta Global (NYSE:ZETA) earlier rose as much as 7.5% at least partly after the company's CEO mentioned recent inbound takeover interest and after the marketing automation software firm reported Q1 results. 

"But quite frankly, I've been spending a disproportionate percentage of my time taking calls from people trying to buy us over the last few weeks," Zeta CEO David Steinberg said on the company's Q1 earnings call on Thursday. "And that's been keeping us busy."

When asked if he meant the company was receiving inbound interest, Steinberg confirmed that was the case.

"I probably shouldn't have said it," Steinberg, the company's co-founder and chairman, said. "It was, yes. But it's neither here nor there. The reality is, right now, we are executing the company. As we continue to grow and take massive market share, we're just getting a lot of attention on that side that we hadn't gotten in the past."

Zeta (NYSE:ZETA) reported mixed Q1 results and raised its FY25 outlook.