Quarterly revenue increased to $125 million, up 11% y/y; Q2 2021 revenue is expected to be $157 to $163 million, up 79% to 86% y/y
SANTA MONICA, Calif.––ZipRecruiter®, a leading online employment marketplace, today announced financial results for the quarter ended March 31, 2021. ZipRecruiter’s complete first quarter financial results, financial guidance and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website at investors.ziprecruiter.com.
In April, ZipRecruiter filed a registration statement with the U.S. Securities and Exchange Commission for a direct listing of its common stock. The Company’s registration statement was declared effective on May 14th, and its Class A common stock is expected to begin trading on the New York Stock Exchange under the ticker symbol “ZIP” on May 26, 2021.
“In our first public earnings report, ZipRecruiter delivered record revenue in Q1. We are issuing guidance for the year that maps to the strong signs of recovery in the U.S. hiring market. We believe that we are in the early stages of a significant resurgence of job growth during the once-in-a-lifetime reopening of the economy after the pandemic. We are well-positioned to take advantage of this moment as we continue to actively connect people to their next great opportunity. ZipRecruiter is helping America get back to work, and we are in the very early stages of our long-term growth opportunity,” said Ian Siegel, CEO of ZipRecruiter.