ZipRecruiter Q3 revenue $155.6M (-31% YoY); net income $24.1M; Q4 guidance $125-131M

ZIPRECRUITER, INC.

2023-Q3 EPS reported $0.41 revenue$509,800,000

Q3 revenue $155.6M, down 31% YoY; net income $24.1M (15% margin), up YoY.
Adjusted EBITDA $54.4M (35% margin), an all-time high; exceeded guidance.
Quarterly Paid Employers 89.7K, down 34% YoY; Revenue per Paid Employer $1,736, up 4%.
Q4 2023 guidance: revenue $125-131M; Adjusted EBITDA $31-37M (25-28% margin).
CEO cites hiring slowdown; company maintains investment in product and technology.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZIPRECRUITER, INC. reported financial results for quarter ended September 30, 2023.

Period: quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 8, 2023, ZipRecruiter, Inc. (“ZipRecruiter” or the "Company") held a conference call regarding its financial results for the quarter ended September 30, 2023 and financial outlook (the “Earnings Call”). ZipRecruiter also issued a press release announcing its financial results for the quarter ended September 30, 2023 and financial outlook (the “Press Release”) and a letter to shareholders announcing its financial results for the quarter ended September 30, 2023 and financial outlook (the “Shareholder Letter”).

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Source: SEC EDGAR

accession 0001617553-23-000041

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