Financial Data and Key Metrics - Q3 2024 revenue was $117.1 million, down 25% year-over-year [6] - Net loss in Q3 was $2.6 million, compared to net income of $24.1 million in Q3 2023 [25] - Adjusted EBITDA was $15 million, equating to a margin of 13% [6] - Cash, cash equivalents, and marketable securities totaled $498 million as of September 30, 2024 [26] - Q4 2024 revenue guidance is $107 million at the midpoint, representing a 21% decline year-over-year [27] Business Line Performance - Quarterly paid employers were 65,000, a 27% decrease year-over-year and a 7% decrease sequentially [23] - Revenue per paid employer was $1,795, up 3% year-over-year and 2% sequentially [24] - ZipIntro, a new hiring product, saw over 90% of job seekers likely to reuse it and employers received over three times more quality applications per job [14][15] - The next-generation resume database saw a 20% increase in average weekly candidate profile unlocks in the first week of launch [16] Market Performance - Total ZipRecruiter web traffic in the US grew by 21% year-over-year, with organic job seeker traffic growth of 23% [17] - Job seeker engagement increased, with clicks from email notifications rising by 100% and applications from those emails increasing by 120% [21] Company Strategy and Industry Competition - The company is focused on increasing the number of employers and revenue per paid employer, growing job seeker traffic, and improving matching technology [13][17][20] - Investments in brand, AI-driven career advisor (Phil), and matching technology have contributed to job seeker trust and loyalty [9] - The company believes that employer revenue will follow job seeker market share shifts [9] Management Commentary on Operating Environment and Future Outlook - The labor market downturn has been prolonged, with seasonally adjusted hires declining year-over-year every month since August 2022 [10] - The "Great Stay" phenomenon, where employees are leaving jobs at the lowest rate since 2015, is further driving down hiring levels [11] - The company remains confident in the long-term health of the US labor market and sees the end of the "Great Stay" as a future tailwind [11] Other Important Information - The company launched Breakroom in the UK and is working on its US launch, expected in 2025 [48] - New products like ZipIntro and the next-generation resume database are in the value maximization phase and are expected to contribute revenue in 2025 [49][50] Q&A Session Summary Question: Vertical performance and early-cycle verticals - Healthcare remained robust, while transportation, storage, travel, and leisure were weaker [31][32] - Finance and technology, early-cycle verticals, were in the middle of the performance spectrum [33] Question: Enterprise customer performance - Enterprise customers were more robust than SMBs, with performance marketing revenue ticking up to 22% [35] Question: The "Great Stay" and its potential end - The quit rate has fallen by more than one-third since January 2022, driven by factors like above-market salaries, perks, and low mortgage rates [39][40] - The company expects hiring to resume as the economy returns to a steady state [41] Question: Q4 guidance and seasonal slowdown - Q4 guidance accounts for both seasonal decline and continued labor market softness [45] Question: Breakroom launch timeline and monetization - Breakroom is performing well in the UK, with a US launch expected in 2025 [48] - New products like ZipIntro and the resume database are in the value maximization phase and will contribute revenue in 2025 [49][50] Question: Balancing investments and margin profile - The company maintains a low to mid-teens margin profile by responding dynamically to the labor market environment [54] Question: Job seeker traffic growth and its impact - Job seeker growth improves new business acquisition, matching technology, and customer retention [56] - The company has seen steady increases in job seeker traffic over the past two years, outperforming competitors [58] Question: Employer return trends and marketing impact - Brand awareness above 80% drives organic employer returns, especially among SMBs with intermittent hiring needs [59] - The company expects marketing and sales expenses to decrease over time as the business matures [59]

ZipRecruiter, Inc. (ZIP) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 70%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced earnings of $0.07, delivering a surprise of 187.50%.Over the last four quarters, the company has su ...

CORPORATE PRESENTATION November 2024 1 Proprietary and Confidential. © 2024 ZipRecruiter, Inc. All Rights Reserved. LEGAL NOTICE This presentation has been prepared by ZipRecruiter, Inc. ("we," "us," "our," the "Company," or "ZipRecruiter"). The information set forth herein does not purport to be complete or to contain all relevant information. Statements contained herein are made as of November 6, 2024 unless stated otherwise. This presentation contains "forward-looking" statements within the meaning of th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, $0.00001 par value per share ZIP New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 5, 2024 ZipRecruiter, Inc. (Exact name of registrant as specified in its charter) 604 Arizona Avenue, Santa Monica, California 90401 (Address of principal Executive offices) (Zip Code) Delaware 001-40406 27-2976158 (State or other jurisdiction of incorporation) (Commission File Number) ...

ZipRecruiter (NYSE: ZIP ) is about to report its Q3 numbers on November 6th after the market closes, so I wanted to revisit the company and see what we should expect in terms of performance. Since the last time I MSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time. Analy ...

Investors might want to bet on ZipRecruiter, Inc. (ZIP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Sinc ...

Kitinut/iStock via Getty Images Investment thesis ZipRecruiter (NYSE:ZIP) is an online job marketplace that uses AI to match jobseekers and employers. Slower hiring and reduced quit rates in the US labor market have posed significant headwinds for the company, leading to a continued decline in revenues since the end of 2022. Until now, the company has managed to maintain solid profitability by paring back its marketing spend as it waits for the market to improve. However, recent guidance from management ind ...

ZipRecruiter, Inc. (NYSE:ZIP) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Andrew Haroldson - The Blueshirt Group Ian Siegel - Co-Founder and Chief Executive Officer David Travers - President Timothy Yarbrough - EVP and Chief Financial Officer Conference Call Participants Douglas Anmuth - JPMorgan David Yueh - Evercore Operator Thank you for standing by. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to the ...

ZipRecruiter, Inc. (ZIP) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 187.50%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.07, delivering no surprise. Over the last four quarters, the compan ...