ZipRecruiter Q3 revenue down 25% YoY to $117.1M; net loss $2.6M; adds $100M buyback

ZIPRECRUITER, INC.

2024-Q3 EPS reported -$0.02 revenue$362,981,000

Revenue $117.1M (-25% YoY), net loss $2.6M, Adjusted EBITDA $15.0M (13% margin).
Paid employers 65.2K (-27% YoY); revenue per paid employer $1,795 (+3% YoY).
Q4 guidance: revenue $104-110M, Adjusted EBITDA $6-12M (6-11% margin).
Board authorized additional $100M share repurchase; total authorization now $650M.
CEO cites prolonged hiring downturn with 'Great Stay' continuing; invests in product while maintaining financial strength.

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