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AI brief of an SEC Form 8-K · ZoomInfo (GTM)

ZoomInfo lowers 2024 revenue outlook as Q2 revenue falls 6% and it posts a loss

Negative Impact 4 of 5 earnings Written later

ZoomInfo reported second-quarter 2024 revenue of $291.5 million, down 6% from a year earlier, and a GAAP net loss of $24.4 million, or $0.07 per diluted share, after $33 million in charges tied to a change in receivable collectibility estimates. The company also lowered its full-year 2024 GAAP revenue and adjusted EPS guidance, and CFO P. Cameron Hyzer will leave the role effective September 6, 2024.

Key points

  • Q2 2024 GAAP revenue was $291.5 million, down from $308.6 million in Q2 2023; adjusted operating income was $81.6 million, down 35%.
  • Q2 2024 GAAP net loss was $24.4 million, or $0.07 per diluted share, versus net income of $38.1 million a year earlier; adjusted EPS was $0.17 versus $0.26.
  • FY 2024 GAAP revenue guidance is now $1.190 to $1.205 billion, down from the prior $1.255 to $1.27 billion; adjusted EPS guidance is $0.86 to $0.88, down from $1.00 to $1.02.
  • CFO P. Cameron Hyzer departs effective September 6, 2024, and Michael Graham O'Brien becomes interim CFO and principal financial officer on that date.

The filing

CompanyZoomInfo (GTM)
Form8-K, current report
Filed with the SECAug 5, 2024, 4:11 PM ET
Accession number0001794515-24-000132

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.