ZipRecruiter Q1 revenue $122.2M, down 33% YoY; net loss $6.5M; Q2 guidance $114-120M

ZIPRECRUITER, INC.

2024-Q1 EPS reported -$0.07 revenue$122,239,000

Q1 revenue $122.2M, down 33% YoY; net loss ($6.5M) vs. prior year profit.
Adjusted EBITDA $20.8M (17% margin); Q2 guidance $12-18M Adjusted EBITDA.
Paid employers fell to 71.6K (-32% YoY); revenue per paid employer $1,708 (-1% YoY).
CEO notes 'early signs of stabilization' but labor market remains challenging; hires at lowest since Dec 2017.
Organic job seeker traffic grew 65% YoY; company poised to increase investment when conditions improve.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZIPRECRUITER, INC. reported the quarter ended March 31, 2024 results: revenue $122.2 million, net income ($6.5) million.

Period: the quarter ended March 31, 2024
Revenue: $122.2 million
Net income: ($6.5) million
Result: reported results

Exact text from the filing

ZipRecruiter Announces First Quarter 2024 Results Quarterly revenue of $122.2 million Quarterly net loss of ($6.5) million

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ZIPRECRUITER, INC. filing history →

Source: SEC EDGAR

accession 0001617553-24-000031

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