Zoominfo Technologies Inc. Surpasses Q4 Financial Expectations, Announces Key Board Changes
$ZI
ZoomInfo Technologies Inc. (NASDAQ:ZI), a leading go-to-market intelligence platform, recently announced its financial results for the fourth quarter and full-year ended December 31, 2024, alongside significant board changes. The company reported a quarter with several financial metrics surpassing expectations, which has positively influenced its market performance.
In the fourth quarter of 2024, ZoomInfo achieved a GAAP revenue of $309.1 million, a slight decrease of 2% year-over-year but still exceeding market expectations. The adjusted operating income stood at $115.9 million, with a corresponding margin of 37%. For the full year, ZoomInfo reported a GAAP revenue of $1.214 billion, reflecting a modest year-over-year decrease.
The adjusted operating income for the year was $428.5 million, demonstrating operational efficiency with a margin of 35%. The company’s ability to generate significant free cash flow remained evident, with unlevered free cash flow reaching $446.9 million.
An increase in enterprise customers, with 1,867 customers now paying more than $100,000 annually. This growth is partly attributed to the successful upselling of its Copilot product and operational expansions. Looking ahead, ZoomInfo provided guidance for the first quarter and full-year 2025, anticipating revenues between $294 million to $297 million for Q1 and aiming for $1.185 billion to $1.205 billion for the full year.
Amidst these financial announcements, ZoomInfo also revealed changes to its Board of Directors. Rob Giglio has been appointed to the board, effective March 1, 2025. Giglio, who brings over two decades of experience in leading global marketing and sales, currently serves as the Chief Customer Officer at Canva. His appointment is expected to bring fresh insights and strategies to ZoomInfo’s board, particularly in enhancing customer engagement and go-to-market strategies.
This board reconfiguration follows the resignation of Patrick McCarter, who stepped down effective February 28, 2025. McCarter’s departure marks the end of an era of significant contributions to the company, having been involved in strategic decisions for nearly a decade.
The company expects to continue its focus on innovation and customer expansion, particularly in leveraging artificial intelligence capabilities to enhance its go-to-market intelligence platform. The company continues to navigate the complexities of the market, its emphasis on innovation and customer-centric strategies is expected to drive future growth and operational efficiency. The recent board appointments and financial achievements highlight ZoomInfo’s resilience and commitment to maintaining its leadership in the go-to-market intelligence sector.
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