secwatch.observer — SEC 8-K summary
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Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001617553-23-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZipRecruiter Q1 revenue $183.7M (-19% YoY); adjusted EBITDA $35.3M; adds $100M buyback
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- Q1 revenue $183.7M, down 19% YoY; GAAP net income $5.0M, margin 3%.
- Adjusted EBITDA $35.3M, 19% margin, above expectations; FY2023 adjusted EBITDA guidance maintained at $185M midpoint.
- Board authorized additional $100M share repurchase, bringing total program to $550M.
- Approximately $50.5M remained under previous $450M authorization as of March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000025/0001617553-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000025/zip-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001617553-23-000025

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