Zeta Global是买入标的：强劲的营收增长（38%的复合年增长率）以及向商业智能和新市场的扩张，使其估值合理。
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我要介绍的第二只股票是Zeta Global。这是Asymmetric投资组合中较新的持仓之一，与Hims & Hers规模相当，市值约为71亿美元，但另一家公司的收入增长正一个季度接一个季度地稳步复合增长。
让我们看看过去12个月的数据，你可以看到自2024年第一季度以来，复合年增长率为38%。这是一个惊人的增长率，而且增长还在上升。过去一年增长了36%。
Second stock I want to cover is Zeta Global. This is one of the newer positions in the Asymmetric portfolio, similar size company to Hims & Hers, about a $7.1 billion market cap, but another company that is just compounding their revenue growth steadily quarter after quarter. Let's look at the trailing 12-month numbers, and you can see since the first quarter of 2024, compound annual growth rate 38%. Just a phenomenal growth rate, and that growth is ticking up. 36% over the past year.
随着他们扩展到更多市场，还有更多的增长机会。这主要是一家营销公司，所以他们将帮助大公司，主要是世界上最大的广告主，决定你把营销资金投到哪里？你会把它投在Instagram广告上吗？
你会把它投在Google广告上吗？他们将连接到所有这些广告可以投放的地方，然后帮助确定投资回报。广告支出回报率，简称ROAS。但Zeta的机会远不止于此。首先，他们可以扩展到更多市场，所以他们开始与更多代理商合作，可以向下进入更小的公司、中型公司，不仅仅是世界上最大的100家公司，而是最大的500家、最大的1000家公司。
这将扩大他们的总可寻址市场。他们在2026年谈到的大事是进入更多的商业智能领域。所以现在你正在吸收所有这些关于销售和营销的信息，这如何帮助你做出关于业务以及长期如何运营业务的决策？
你将生产什么产品？你的库存放在哪里？你的生产放在哪里？所有这些都是使公司更有效运营的商业智能。Zeta Global表示他们将进入这个领域。他们与Palantir建立了合作关系，将共同营销。
所以我认为Zeta Global有大量的增长机会。
And there's a lot of opportunities for more growth as they expand into more markets. This is primarily been a marketing company, so they're going to help big companies, mostly most of the biggest advertisers in the world, decide where are you going to put your marketing dollars? Are you going to put it on an Instagram ad? Are you going to put it on a Google ad? They're going to connect to all of those places where those ads can go, and then help determine what the return on that investment is. Return on advertising spend, ROAS is what it's called. But the opportunity for here for Zeta is to become much more than that. First of all, they can expand to more markets, so they're starting to work with more agencies, can move down market into smaller companies, medium-sized companies, not just the biggest 100 companies in the world, but the biggest 500, the biggest 1,000 companies in the world. That's going to expand their total addressable market. And the big thing that they've talked about in 2026 is moving into more business intelligence. So now you're ingesting all of this information about sales and marketing, how is that helping you make decisions about your business and how you're going to run that business long-term. What products are you going to make? Where where are you going to have inventory? Where are you going to have production? All of that is the business intelligence that makes a company operate more effectively. Zeta Global says they're moving into that. They've got a partnership with Palantir where they're going to market together. So I think there's a ton of opportunity for growth with Zeta Global.
他们已经证明了长期增长，而且股票仍然相对昂贵。企业价值与销售额之比仅为4.4，按前瞻性计算，约为3.6。如果你看他们的价格与自由现金流之比，按前瞻性计算约为25。所以，对于增长远高于两位数的公司来说，这些倍数相当合理。
They have demonstrated that growth long-term, and the stock still relatively expensive. Enterprise value to sales is just 4.4 again on a forward basis, it's about 3.6. If you look at their price to free cash flow, it's about 25 on a forward basis. So, pretty reasonable multiples for companies that are growing well into double digits.
Hims和Zeta Global在我名单上名列前茅，是我目前持有的两个较大仓位。
Hims and Zeta Global at the top of my list, two of the bigger positions I have right now.
所以，我今天在这里谈到的四只股票是：Hims & Hers、Zeta Global、Lyft和Owlet。请告诉我你认为其中哪一只潜力最大。这四只股票都是我持有的。
So, the stock four stocks that I talked about here today, Hims & Hers, Zeta Global, Lyft, and Owlet. Let me know which one of those you think has the highest potential. These four are all stocks that I own.
他说在等什么
他自己说在等的东西，一段话一条记录。同一件事说过几次就出现几次，我们不合并，也不判断它有没有兑现。
这个频道对 $ZETA 的历次判断
Asymmetric Investing by Travis Hoium 在这只股票上只有这一条判断。