SANTA MONICA, Calif.– ZipRecruiter® (NYSE: ZIP), announced financial results for the quarter ended March 31, 2024. ZipRecruiter’s complete first quarter results, financial guidance, and management commentary can be found by accessing ZipRecruiter’s shareholder letter on the quarterly results page of the Investor Relations website at investors.ziprecruiter.com.
Quarterly revenue of $122.2 million
Quarterly net loss of ($6.5) million, or net loss margin of (5)%
Quarterly Adjusted EBITDA of $20.8 million, or Adjusted EBITDA margin of 17%
“While the hiring environment remains challenging, there are early potential signs of stabilization in employer demand as we begin 2024. We are intently focused on what we can control, which is leaning into investments to improve outcomes for both employers and job seekers,” said Ian Siegel, CEO of ZipRecruiter. “What will drive market share gains over time are advancements in product and technology, the center of our investments today. Our flexible financial model, coupled with our robust balance sheet, has allowed ZipRecruiter to weather this industry-wide downturn and enter an eventual recovery from a position of strength.”
The stock is currently trading between $9-$10 per share.
