secwatch.observer — SEC 8-K summary
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Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001617553-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZipRecruiter Q4 rev $210.5M (-4% y/y); guides FY2023 rev $770-790M (-14% y/y)
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- Full-year 2022 revenue $904.6M (+22% y/y), net income $61.5M (7% margin), adjusted EBITDA $184.9M (20% margin).
- Q4 paid employers 108.3K (-26% y/y); revenue per paid employer $1,944 (+30% y/y).
- January 2023 revenue down ~15% y/y; Q1 2023 revenue guidance $176-182M (down 23-20% y/y).
- FY2023 revenue guidance $770-790M (down 14% y/y at midpoint); adjusted EBITDA guidance $178-192M (margin 23-24%).
- CEO cites moderating hiring plans and reduced recruitment budgets due to uncertain macro backdrop.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000003/0001617553-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000003/zip-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001617553-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer