secwatch.observer — SEC 8-K summary
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Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001617553-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000041/0001617553-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755323000041/zip-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001617553-23-000041

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