Latest news with #IanSiegel
Business Wire
4 days ago
- Business
- Business Wire
ZipRecruiter Launches Breakroom in the U.S. to Bring Job Seekers Real Workplace Insights
BUSINESS WIRE)-- ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced the U.S. launch of Breakroom, a workplace rating platform purpose-built for frontline industries like retail, hospitality, logistics, and more. With more than one million ratings and counting, Breakroom gives job seekers a clear look at what it's really like to work for different employers—helping them make smarter decisions and find jobs that fit their lives. Before most job seekers hit 'apply,' they've already formed an opinion about potential employers. 70% of frontline workers research companies first, and 84% say employee reviews influence whether they'll apply. However, nearly half (40%) question the trustworthiness of those reviews. 1 That uncertainty often leads to disappointment: only one in three frontline workers say their job very closely matched their expectations 1, with misaligned expectations ranking among the top three reasons they quit within the first 90 days. 2 Breakroom closes that gap by giving workers clear, reliable insights into the things that matter most: pay, schedules, team culture, work conditions, and more. 'Frontline jobs account for over 70% of jobs in America. Breakroom brings fresh data on what these jobs really demand—from customer interaction, to time on your feet, to how and when you're paid,' said Ian Siegel, Co-founder & CEO of ZipRecruiter. 'In the months ahead, we plan to integrate Breakroom's insights directly into ZipRecruiter to help job seekers find the right jobs for them—and help employers hire candidates who are more likely to stay and succeed.' Unlike traditional employer review sites, Breakroom doesn't rely on open-ended reviews, which often skew negative or subjective. Instead, current employees anonymously answer a 30-question quiz, which generates an objective 1–10 rating of their employer. These worker experiences are then aggregated to give job seekers role- and location-specific insights, whether they're considering a warehouse job in Dallas or a call center role in Detroit. 'A year after joining forces with ZipRecruiter, we're bringing Breakroom to job seekers and employers across the U.S. as we seek to fundamentally transform how frontline workers find the right job for them. We're creating a cycle of transparency – empowering workers to shape better workplaces, giving job seekers a real look at life on the job, and providing employers a window into how their workplaces are truly experienced,' added Anna Maybank, Founder & CEO of Breakroom. As part of the launch, ZipRecruiter is introducing its inaugural Breakroom Workplace Index, a new research report tracking workplace trends across frontline industries. The report found that while worker sentiment is improving – driven by better access to paid leave, healthcare, and career development – a major gap remains: only 23% believe senior leadership understands their day-to-day reality. Likewise, wage growth has been largely flat, with a median wage of $20.00 per hour, though pay is rising in historically lower-wage cities as they compete for talent. When it comes to the workplace experience, 61% of frontline workers report having access to health insurance, 67% receive paid time off, and 51% have some choice in their shifts. ZipRecruiter acquired UK-based workplace rating platform Breakroom in 2024. Since its launch in 2020, Breakroom has built a platform that resonates authentically with the rising digitally native workforce. Breakroom has operated, and we expect it to continue to operate, as an independent brand. To view the full report, including additional data insights and methodology, please visit: About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years 3 and is rated the #1 employment job site by G2. 4 For more information, visit 1 ZipRecruiter online unbranded survey of n = 1,031 frontline workers with no college degree (18-64 years old) in the U.S. currently employed in roles that involve direct interaction with customers, patients, products, or physical tasks. Survey conducted 7/23-30. 2 ZipRecruiter online unbranded survey of n = 300 professionals involved in employee attraction, hiring, or retention in the U.S. at companies that employ frontline workers and have at least 5,000 employees. Survey conducted 7/23-30. 3 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 4 Based on G2 satisfaction ratings as of January 10, 2025. About Breakroom Breakroom is a workplace rating and job marketplace platform. Featuring more than one million ratings of U.S. employers, Breakroom's proprietary data on pay, hours, flexibility, and culture are sourced straight from job seekers to help candidates learn about and apply to the right roles and employers. With a focus on frontline workers, employers can use their enhanced profiles to showcase what it's really like to work for the company and attract more engaged candidates. For more information, visit Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the planned integration of Breakroom's insights into ZipRecruiter, the information Breakroom provides to job seekers and employers, and the expected operation of Breakroom as an independent brand, and other statements that reflect ZipRecruiter's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including our ability to attract and retain employers and job seekers; our ability to compete with well-established competitors and new entrants; our ability to achieve and/or maintain profitability; our ability to maintain, protect and enhance our brand and intellectual property; our dependence on macroeconomic factors, including potential unfavorable changes in U.S. trade or other policies, such as U.S. tariff policies, and the potential negative economic consequences thereof; our ability to maintain and improve the quality of our platform; our dependence on the interoperability of our platform with mobile operating systems that we do not control; our ability to successfully implement our business plan during a global economic downturn that may impact the demand for our services or have a material adverse impact on our and our business partners' financial condition and results of operations; our ability and the ability of third parties to protect our users' personal or other data from a security breach and to comply with laws and regulations relating to consumer data privacy and data protection; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States; our ability to achieve desired operating margins; our compliance with a wide variety of U.S. and international laws and regulations; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on our senior management and our ability to attract and retain new talent; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 10-K for the twelve months ended December 31, 2024 and Quarterly Reports on Form 10-Q for the three months ended March 31, 2025 and June 30, 2025, in each case that we filed with the U.S. Securities and Exchange Commission. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. ZipRecruiter does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Yahoo
24-07-2025
- Business
- Yahoo
ZipRecruiter Joins Forces with Chase to Help Businesses Hire Smarter
As the exclusive hiring partner for the new Chase Sapphire Reserve for Business card, ZipRecruiter gives cardmembers the tools to find top talent, including up to $400 in annual hiring credit SANTA MONICA, Calif., July 24, 2025--(BUSINESS WIRE)--ZipRecruiter®, a leading online employment marketplace, is partnering with Chase to power hiring for businesses. As the exclusive hiring partner for the new Chase Sapphire Reserve for Business card, ZipRecruiter will give cardmembers tools to build their teams, including access to its powerful matching technology, distribution to 100+ of the most-visited job boards, and up to $400 in annual hiring credit1 to find top talent with speed and confidence. "Speed and efficiency in hiring can make the difference between capturing a great employee and losing them to a competitor," said Ian Siegel, ZipRecruiter Co-Founder and CEO. "When you combine Chase's extensive network with ZipRecruiter's proven hiring platform, you create a powerful solution that drives real business results." Chase Sapphire Reserve for Business cardmembers can activate the offer to tap ZipRecruiter's powerful matching technology and easy-to-use platform with no additional signup required. Customers can simply use their Chase card for qualifying purchases on ZipRecruiter to have up to $400 in annual statement credits automatically applied to their account.1 Business owners can use the ZipRecruiter hiring credit to post jobs, access premium candidate sourcing tools, and more. Chase serves SMBs through its Chase for Business offerings, and these businesses consistently face the same hiring challenges: finding quality candidates, attracting enough applicants, and competing against well-known companies for talent.2 With the new card and ZipRecruiter credit, these businesses are armed with the hiring power they need to find and hire top candidates. To learn more, visit About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years3 and is rated the #1 employment job site by G2.4 For more information, visit 1 $400 Annual ZipRecruiter Credit through 12/31/27 for Chase Sapphire Reserve for Business Card: A statement credit will be automatically applied to your account for qualifying purchases with up to a maximum accumulation of $200 in statement credits from January 1 through June 30 and up to $200 from July 1 through December 31, for a total maximum accumulation of $400 in statement credits each calendar year through December 31, 2027. Calendar year means January 1 through December 31 of that same year every year. Qualifying purchases are when you or an authorized user of the account, such as an employee, use the card for purchases made directly with Call the number on the back of your card to find out eligibility for your next $400 Annual ZipRecruiter Credit. Please allow 6 to 8 weeks for statement credit(s) to appear on your monthly credit card billing statement. The $400 Annual ZipRecruiter Credit must be available at the time qualifying purchases are made to be applied to your account. We may reverse statement credits if an eligible purchase is returned, canceled, or modified or if you close your account within 90 days of receiving a statement credit. If you purchase a subscription service, your card may be billed for automatic renewals at recurring periods without further notice from ZipRecruiter. This offer will not apply to such renewals once the offer expires or is fully used. 2 ZipRecruiter national survey of n = 2,000 verified talent acquisition professionals and hiring managers, Sept. 24 – Oct. 16, 2024 3 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 4 Based on G2 satisfaction ratings as of January 10, 2025. View source version on Contacts Media Contact Claire Walsh, Press Relationspress@ Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
ZipRecruiter Announces First Quarter 2025 Results
Quarterly revenue of $110.1 million Quarterly net loss of ($12.8) million, or net loss margin of (12)% Quarterly Adjusted EBITDA of $5.9 million, or Adjusted EBITDA margin of 5% SANTA MONICA, Calif., May 08, 2025--(BUSINESS WIRE)--ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced financial results for the quarter ended March 31, 2025. 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 "Q1'25 revenue of $110.1 million came in above the midpoint of our guidance, though was down 10% year-over-year and down 1% versus Q4'24. However, the sequential revenue decline represents a more typical seasonal cadence as employers resume their hiring campaigns after the holiday slowdown, versus the sequential declines of 13% and 10% in Q1'23 and Q1'24, respectively," said Ian Siegel, CEO of ZipRecruiter. "We started the year with cautious optimism. However, we now see employers adopting a 'wait-and-see' attitude, reflecting widespread uncertainty in the near-term U.S. economy. While we have yet to see a sharp pull back from employer hiring, we also are not seeing an acceleration in hiring activity as we enter the second quarter. Regardless of the macroeconomic environment, ZipRecruiter continues to invest strategically in product and technology initiatives. Driving even greater engagement between both sides of our marketplace is key to connecting people to their next great opportunity, and we believe we are poised for outsized growth when hiring activity rebounds." Conference Call Details ZipRecruiter will host a conference call today, May 8, at 2:00 p.m. Pacific Time to discuss its financial results. A live webcast of the call can be accessed from ZipRecruiter's Investor Relations website at An archived version will be available on the website two hours after the completion of the call. Investors and analysts can participate in the conference call by dialing +1 (888) 440-4199, or +1 (646) 960-0818 for callers outside the United States and use the Conference ID 9351892. To listen to the telephonic replay, available until Thursday, May 15, 2025, please dial +1 (800) 770-2030 or +1 (609) 800-9909 for callers outside the United States and use the Conference ID 9351892. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding expected hiring activity, the future of the U.S. labor market, widespread uncertainty in the near-term U.S. economy, our investment in product and technology, our expected growth, and other statements that reflect ZipRecruiter's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including our ability to attract and retain employers and job seekers; our ability to compete with well-established competitors and new entrants; our ability to achieve and/or maintain profitability; our ability to maintain, protect and enhance our brand and intellectual property; our dependence on macroeconomic factors, including potential unfavorable changes in U.S. trade or other policies, such as U.S. tariff policies, and the potential negative economic consequences thereof; our ability to maintain and improve the quality of our platform; our dependence on the interoperability of our platform with mobile operating systems that we do not control; our ability to successfully implement our business plan during a global economic downturn that may impact the demand for our services or have a material adverse impact on our and our business partners' financial condition and results of operations; our ability and the ability of third parties to protect our users' personal or other data from a security breach and to comply with laws and regulations relating to consumer data privacy and data protection; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States; our ability to achieve desired operating margins; our compliance with a wide variety of U.S. and international laws and regulations; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on our senior management and our ability to attract and retain new talent; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the twelve months ended December 31, 2024 that we filed with the U.S. Securities and Exchange Commission and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025 that we will file with the U.S. Securities and Exchange Commission. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. ZipRecruiter does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin. We define Adjusted EBITDA as our net income (loss) before interest expense, other income (expense), net, income tax expense (benefit) and depreciation and amortization, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenue for the same period. Management and our board of directors use these non-GAAP financial measures as supplemental measures of our performance because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of some items not directly resulting from our core operations. We also use these non-GAAP financial measures for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and to evaluate our capacity for capital expenditures to expand our business. Adjusted EBITDA and Adjusted EBITDA margin should not be considered in isolation, as an alternative to, or superior to net income (loss), revenue, cash flows or other measures derived in accordance with GAAP. These non-GAAP measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP financial measures is an appropriate measure of operating performance because they eliminate the impact of some expenses that do not relate directly to the performance of our underlying business. These non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and Adjusted EBITDA margin are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of our performance. Our measures of Adjusted EBITDA and Adjusted EBITDA margin used herein are not necessarily comparable to similarly titled captions of other companies due to different methods of calculation. RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (UNAUDITED) (in thousands, except net income (loss) margin and Adjusted EBITDA margin data) Quarter Ended March 31, 2025 GAAP net income (loss) $(12,831) Stock-based compensation 14,627 Depreciation and amortization 2,976 Interest expense 7,392 Other (income) expense, net (5,355) Income tax expense (benefit) (875) Adjusted EBITDA $ 5,934 Net income (loss) margin (12)% Adjusted EBITDA margin 5% About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years1 and is rated the #1 employment job site by G2.2 For more information, visit 1 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 2 Based on G2 satisfaction ratings as of January 10, 2025. View source version on Contacts Investors: Emilio SartoriInvestor Relationsir@ Corporate Communications: Claire WalshPress Relationspress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
ZipRecruiter Announces First Quarter 2025 Results
SANTA MONICA, Calif.--(BUSINESS WIRE)--ZipRecruiter ® (NYSE: ZIP), a leading online employment marketplace, today announced financial results for the quarter ended March 31, 2025. 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 'Q1'25 revenue of $110.1 million came in above the midpoint of our guidance, though was down 10% year-over-year and down 1% versus Q4'24. However, the sequential revenue decline represents a more typical seasonal cadence as employers resume their hiring campaigns after the holiday slowdown, versus the sequential declines of 13% and 10% in Q1'23 and Q1'24, respectively,' said Ian Siegel, CEO of ZipRecruiter. 'We started the year with cautious optimism. However, we now see employers adopting a 'wait-and-see' attitude, reflecting widespread uncertainty in the near-term U.S. economy. While we have yet to see a sharp pull back from employer hiring, we also are not seeing an acceleration in hiring activity as we enter the second quarter. Regardless of the macroeconomic environment, ZipRecruiter continues to invest strategically in product and technology initiatives. Driving even greater engagement between both sides of our marketplace is key to connecting people to their next great opportunity, and we believe we are poised for outsized growth when hiring activity rebounds.' Conference Call Details ZipRecruiter will host a conference call today, May 8, at 2:00 p.m. Pacific Time to discuss its financial results. A live webcast of the call can be accessed from ZipRecruiter's Investor Relations website at An archived version will be available on the website two hours after the completion of the call. Investors and analysts can participate in the conference call by dialing +1 (888) 440-4199, or +1 (646) 960-0818 for callers outside the United States and use the Conference ID 9351892. To listen to the telephonic replay, available until Thursday, May 15, 2025, please dial +1 (800) 770-2030 or +1 (609) 800-9909 for callers outside the United States and use the Conference ID 9351892. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding expected hiring activity, the future of the U.S. labor market, widespread uncertainty in the near-term U.S. economy, our investment in product and technology, our expected growth, and other statements that reflect ZipRecruiter's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including our ability to attract and retain employers and job seekers; our ability to compete with well-established competitors and new entrants; our ability to achieve and/or maintain profitability; our ability to maintain, protect and enhance our brand and intellectual property; our dependence on macroeconomic factors, including potential unfavorable changes in U.S. trade or other policies, such as U.S. tariff policies, and the potential negative economic consequences thereof; our ability to maintain and improve the quality of our platform; our dependence on the interoperability of our platform with mobile operating systems that we do not control; our ability to successfully implement our business plan during a global economic downturn that may impact the demand for our services or have a material adverse impact on our and our business partners' financial condition and results of operations; our ability and the ability of third parties to protect our users' personal or other data from a security breach and to comply with laws and regulations relating to consumer data privacy and data protection; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States; our ability to achieve desired operating margins; our compliance with a wide variety of U.S. and international laws and regulations; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on our senior management and our ability to attract and retain new talent; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 10-K for the twelve months ended December 31, 2024 that we filed with the U.S. Securities and Exchange Commission and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025 that we will file with the U.S. Securities and Exchange Commission. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. ZipRecruiter does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin. We define Adjusted EBITDA as our net income (loss) before interest expense, other income (expense), net, income tax expense (benefit) and depreciation and amortization, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenue for the same period. Management and our board of directors use these non-GAAP financial measures as supplemental measures of our performance because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of some items not directly resulting from our core operations. We also use these non-GAAP financial measures for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and to evaluate our capacity for capital expenditures to expand our business. Adjusted EBITDA and Adjusted EBITDA margin should not be considered in isolation, as an alternative to, or superior to net income (loss), revenue, cash flows or other measures derived in accordance with GAAP. These non-GAAP measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP financial measures is an appropriate measure of operating performance because they eliminate the impact of some expenses that do not relate directly to the performance of our underlying business. These non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and Adjusted EBITDA margin are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of our performance. Our measures of Adjusted EBITDA and Adjusted EBITDA margin used herein are not necessarily comparable to similarly titled captions of other companies due to different methods of calculation. About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years 1 and is rated the #1 employment job site by G2. 2 For more information, visit 1 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 2 Based on G2 satisfaction ratings as of January 10, 2025. Expand
Yahoo
25-02-2025
- Business
- Yahoo
ZipRecruiter Announces Fourth Quarter and Full Year 2024 Results
Quarterly revenue of $111.0 million Full-year revenue of $474.0 million Full-year net loss of ($12.9) million, or net loss margin of (3)% Full-year Adjusted EBITDA of $78.0 million, or Adjusted EBITDA margin of 16% SANTA MONICA, Calif., February 25, 2025--(BUSINESS WIRE)--ZipRecruiter® (NYSE: ZIP), a leading online employment marketplace, today announced financial results for the quarter and full year ended December 31, 2024. ZipRecruiter's complete fourth quarter and full year 2024 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 "In 2024, ZipRecruiter delivered multiple improvements to our marketplace. This included new product launches, advancements to our existing products, and leveraging M&A as a tool to expand our product suite. We made these gains against a difficult hiring environment. Our business remains resilient, as we managed down operating expenses while continuing to invest in product and technology," said Ian Siegel, CEO of ZipRecruiter. "Despite the protracted labor market downturn, we enter 2025 with cautious optimism on improving revenue trends from both internal and external indicators. Our Q1 revenue guidance of $109 million at the midpoint is down 2% versus Q4'24. By contrast, Q1 revenue declined sequentially by 13% and 10% in 2023 and 2024, respectively. We remain nimble and believe our balance sheet provides a solid foundation to capture market share when hiring activity returns. Through all labor market cycles, our mission of actively connecting people to their next great opportunity remains the foundation of our strategy." Conference Call Details ZipRecruiter will host a conference call today, February 25, at 2:00 p.m. Pacific Time to discuss its financial results. A live webcast of the call can be accessed from ZipRecruiter's Investor Relations website at An archived version will be available on the website two hours after the completion of the call. Investors and analysts can participate in the conference call by dialing +1 (888) 440-4199, or +1 (646) 960-0818 for callers outside the United States and use the Conference ID 9351892. To listen to the telephonic replay, available until Tuesday, March 4, 2025, please dial +1 (800) 770-2030 or +1 (609) 800-9909 for callers outside the United States and use the Conference ID 9351892. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding expected hiring activity and our market share, the future of the U.S. labor market, our investment in product and technology and other statements that reflect ZipRecruiter's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements, including our ability to attract and retain employers and job seekers; our ability to compete with well-established competitors and new entrants; our ability to achieve and/or maintain profitability; our ability to maintain, protect and enhance our brand and intellectual property; our dependence on macroeconomic factors; our ability to maintain and improve the quality of our platform; our dependence on the interoperability of our platform with mobile operating systems that we do not control; our ability to successfully implement our business plan during a global economic downturn that may impact the demand for our services or have a material adverse impact on our and our business partners' financial condition and results of operations; our ability and the ability of third parties to protect our users' personal or other data from a security breach and to comply with laws and regulations relating to consumer data privacy and data protection; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States; our ability to achieve desired operating margins; our compliance with a wide variety of U.S. and international laws and regulations; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on our senior management and our ability to attract and retain new talent; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the twelve months ended December 31, 2023 and our Quarterly Reports on Form 10-Q for the three months ended March 31, 2024, June 30, 2024, and September 30, 2024, in each case, that we filed with the U.S. Securities and Exchange Commission, and our Annual Report on Form 10-K for the twelve months ended December 31, 2024 that we will file with the U.S. Securities and Exchange Commission. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. ZipRecruiter does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin. We define Adjusted EBITDA as our net income (loss) before interest expense, other income (expense), net, income tax expense (benefit) and depreciation and amortization, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenue for the same period. Management and our board of directors use these non-GAAP financial measures as supplemental measures of our performance because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of some items not directly resulting from our core operations. We also use these non-GAAP financial measures for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and to evaluate our capacity for capital expenditures to expand our business. Adjusted EBITDA and Adjusted EBITDA margin should not be considered in isolation, as an alternative to, or superior to net income (loss), revenue, cash flows or other measures derived in accordance with GAAP. These non-GAAP measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP financial measures is an appropriate measure of operating performance because they eliminate the impact of some expenses that do not relate directly to the performance of our underlying business. These non-GAAP financial measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and Adjusted EBITDA margin are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and Adjusted EBITDA margin as supplemental measures of our performance. Our measures of Adjusted EBITDA and Adjusted EBITDA margin used herein are not necessarily comparable to similarly titled captions of other companies due to different methods of calculation. RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (UNAUDITED) (in thousands, except net income (loss) margin and Adjusted EBITDA margin data) Year Ended December 31, 2024 GAAP net income (loss) $(12,854) Stock-based compensation 64,453 Depreciation and amortization 12,291 Interest expense 29,597 Other (income) expense, net (21,838) Income tax expense (benefit) 6,357 Adjusted EBITDA $ 78,006 Net income (loss) margin (3)% Adjusted EBITDA margin 16% About ZipRecruiter ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter's powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past eight years1 and is rated the #1 employment job site by G2.2 For more information, visit 1 Based on job seeker app ratings, during the period of January 2017 to January 2025 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 2 Based on G2 satisfaction ratings as of January 10, 2025. View source version on Contacts Investors: Drew HaroldsonThe Blueshirt Group, for ZipRecruiterir@ Corporate Communications: Claire WalshPress Relationspress@ Sign in to access your portfolio
