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Stock impact report

ZoomInfo Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

ZoomInfo Technologies Inc. (ZI) 
Company Research Source: Yahoo! Finance
"We continued our move up-market, fueled by ZoomInfo Copilot and Operations growth, and we delivered strong financial results while improving the quality of new customers that we are bringing in. The entire company is more focused than ever on delighting both our new and existing users via robust product innovation and customer obsession," said Henry Schuck, ZoomInfo founder and CEO. "Net revenue retention was stable for the third consecutive quarter and we again grew our $100k and million dollar customer cohorts. We remain steadfast in our commitment to growing levered free cash flow per share and driving significant long-term value creation for our shareholders." Third Quarter 2024 Financial Highlights: GAAP Revenue of $303.6 million, a decrease of 3% year-over-year. GAAP Operating income of $43.5 million and Adjusted operating income of $111.7 million. GAAP Operating income margin of 14% and Adjusted operating income margin of 37%. GAAP Cash flow from operations of $18.2 Show less Read more
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