secwatch.observer — SEC 8-K summary
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Issuer:     ZIPRECRUITER, INC. (ZIP)
CIK:        0001617553
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001617553-24-000055
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617553/000161755324000055/0001617553-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617553/000161755324000055/zip-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001617553-24-000055

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