ZipRecruiter® (NYSE: ZIP) announced financial results for the quarter ended June 30, 2024. ZipRecruiter’s complete second 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 $123.7 million
- Quarterly net income of $7.0 million, or net income margin of 6%
- Quarterly Adjusted EBITDA of $27.8 million, or Adjusted EBITDA margin of 23%
“ZipRecruiter’s flexible financial model has allowed us to maintain a robust balance sheet during this prolonged labor market downturn. We’re continuing to invest in product and technology initiatives, which we believe will bear significant fruit in years to come,” said Ian Siegel, CEO of ZipRecruiter. “The current business is incredibly exciting, as we continue to win job seeker traffic and are energized by our product innovations. We have strong conviction that ZipRecruiter will further disrupt the recruitment industry in the coming years, fundamentally changing how employers and job seekers interact.”
In the big picture chart above you can see how much the job advertising business has declined since 2021. It may also be a sign that the downward trend has finally plateaued with the steady numbers from Q1 and Q2 of this year.
