ZoomInfo Technologies (NASDAQ:ZI) Q3 2024 Earnings Call Transcript November 12, 2024 4:30 PM ET

Company Participants

Jerry Sisitsky - Vice President of Investor Relations
Henry Schuck - Founder and Chief Executive Officer
Graham O'Brien - Interim CFO & Interim PFO

Conference Call Participants

Alex Zukin - Wolfe Research
David Hynes - Canaccord Genuity
Brad Zelnick - Deutsche Bank
Elizabeth Porter - Morgan Stanley
Frank Surace - Barclays
Parker Lane - Stifel Financial Corp.
Hannah Rudolph - Piper Sandler
Koji Ikeda - Bank of America
Taylor McGinnis - UBS
Jackson Ader - KeyBanc Capital Markets
Michael Berg - Wells Fargo Securities
Johnathan McCary - Raymond James
Tyler Radke - Citi
Rishi Jaluria from - Capital Markets
Patrick Walravens - JMP Securities

Operator

Good day, and thank you for standing by. Welcome to the ZoomInfo Third Quarter 2024 Financial Results Conference Call. [Operator instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Jerry Sisitsky, Vice President, Investor Relations. Please go ahead.

Jerry Sisitsky

Thanks Richard. Welcome to ZoomInfo's financial results conference call for the third quarter 2024. With me on the call today are Henry Schuck, Founder, and CEO of ZoomInfo and Graham O'Brien, our Interim CFO.

During this call, any forward-looking statements are made pursuant to the Safe Harbor provisions of U.S. securities laws. Expressions of future goals, including business outlook, expectations for future financial performance, and similar items, including, without limitation, expressions using the terminology may, will, expect, anticipate, and believe, and expressions which reflect something other than historical facts are intended to identify forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including those discussed in the risk factors sections of our SEC filings.

Actual results may differ materially from any forward-looking statements. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events that may arise after this conference call, except as required by law. For more information, please refer to the forward-looking statements in the slides posted to our investor relations website at ir.zoominfo.com. All metrics on this call are non-GAAP, unless otherwise noted. A reconciliation can be found in the financial results press release or in the slides posted to our IR website. With that, I'll turn the call over to Henry.

Henry Schuck

Thank you, Jerry, and welcome everyone. We continue to see stabilization and improvement in our net retention rates and believe that we're moving forward with a clean slate while delivering improved financial results. Q2 was about implementing new initiatives to position the company for long-term success, and Q3 was about executing on these initiatives and moving the business forward.