earnings
confidence high
sentiment negative
materiality 0.80
ZipRecruiter Q2 revenue down 29% to $170.4M; Q3 guidance sees further decline
ZIPRECRUITER, INC.
2023-Q2 EPS reported
$0.18
revenue$354,170,000
- Q2 revenue $170.4M, down 29% y/y; net income $14.4M (8% margin).
- Adjusted EBITDA $43.3M, margin 25%; paid employers 101.6K (down 35% y/y).
- Revenue per paid employer $1,677, up 9% y/y despite volume decline.
- Q3 FY2023 guidance: revenue $147-153M (down 33-35% y/y); Adj. EBITDA $37-43M.
- CEO cites declining job openings and reduced employer spending as headwinds.