SANTA MONICA, Calif. —- ZipRecruiter®, a leading online employment marketplace, today announced financial results for the quarter and year ended December 31, 2021. ZipRecruiter’s complete fourth quarter and full year 2021 financial 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 increased to $220 million, up 93% y/y
- Full year revenue increased to $741 million, up 77% y/y
“2021 was a year of exceptional growth for ZipRecruiter. With demand for talent remaining high amidst one of the tightest labor markets in history, our mission of actively connecting people to their next great opportunity has never been more important. Employers are turning to ZipRecruiter to solve their hiring needs during these highly dynamic times as evidenced by the record numbers of Paid Employers participating in our marketplace,” said Ian Siegel, CEO of ZipRecruiter. “We are continuously enhancing our solutions for both employers and job seekers across all sectors of the economy. We believe we are still in the very early stages of our growth and we’re pleased to issue Q1 and full year 2022 guidance, which calls for continued profitable growth in the coming year,” said Mr. Siegel.Ian Siegel
Additionally, the company announced that its Board of Directors has authorized a share repurchase program under which ZipRecruiter may repurchase up to $100 million of its outstanding common stock.
ZipRecruiter stock (ZIP) is currently trading around $19.