secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001617553-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZipRecruiter Q2 revenue down 29% to $170.4M; Q3 guidance sees further decline
-----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000034/0001617553-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000034/zip-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001617553-23-000034

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