ZipRecruiter(ZIP)
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ZipRecruiter(ZIP) - 2023 Q4 - Annual Results
2024-02-22 21:10
Exhibit 99.2 ZipRecruiter SHAREHOLDER LETTER Q4 2023 ZipRecruiter delivers MORE QUALITY HIRES FAST for Edwards & Hill Office Furniture ZipRecruiter quickly finds us the best candidates for all our jobs, so we can hire people who can jump in and hit the ground running on day one. EDWARDS & HILL OFFICE FURNITURE Edwards & Hill is a rapidly growing office furniture supply and installation firm. For the business, success means being able to equally endure rapidly shifting deadlines and long purchasing cycles. T ...
ZipRecruiter(ZIP) - 2023 Q3 - Earnings Call Transcript
2023-11-09 03:52
ZipRecruiter, Inc. (NYSE:ZIP) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Drew Haroldson - Investor Relations Ian Siegel - Co-Founder and Chief Executive Officer David Travers - President Tim Yarbrough - Executive Vice President and Chief Financial Officer Conference Call Participants Trevor Young - Barclays Ralph Schackart - William Blair Operator Thank you for standing by. My name is Aaron, and I will be your conference operator for today. At this time, I would like t ...
ZipRecruiter(ZIP) - 2023 Q3 - Quarterly Report
2023-11-08 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40406 ZIPRECRUITER, INC. (Exact name of registrant as specified in its charter) Delaware 27-2976158 (State or other jurisdiction of incorporation or or ...
ZipRecruiter(ZIP) - 2023 Q2 - Earnings Call Transcript
2023-08-09 03:26
ZipRecruiter, Inc. (NYSE:ZIP) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Drew Haroldson - Investor Relations Ian Siegel - Co-Founder and Chief Executive Officer David Travers - President Tim Yarbrough - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Trevor Young - Barclays Wes Sanford - JPMorgan Operator Good afternoon, ladies and gentlemen. Thank you for standing by. My name is Erica and I am the conference operator today. At this t ...
ZipRecruiter(ZIP) - 2023 Q2 - Quarterly Report
2023-08-08 20:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40406 ZIPRECRUITER, INC. (Exact name of registrant as specified in its charter) Delaware 27-2976158 (State or other jurisdiction of incorporation or organiz ...
ZipRecruiter(ZIP) - 2023 Q1 - Earnings Call Transcript
2023-05-13 23:33
Financial Data and Key Metrics Changes - Q1 2023 revenue was $183.7 million, down 19% year-over-year, but above the high end of guidance [6][20] - Adjusted EBITDA for Q1 2023 was $35.3 million, with an adjusted EBITDA margin of 19%, exceeding guidance [6][22] - GAAP net income was $5 million in Q1 2023, compared to $8.4 million in Q1 2022 [22] - Cash, cash equivalents, and marketable securities totaled $519.1 million as of March 31, 2023, down from $570.4 million at the end of 2022 [23] Business Line Data and Key Metrics Changes - Paid employers decreased to 106,000, a 29% decline year-over-year and a 2% decrease sequentially [21] - Revenue per paid employer increased by 15% year-over-year to $1,734, but decreased by 11% sequentially [21] Market Data and Key Metrics Changes - Organic job seeker traffic increased by 40% in Q1 2023, with 56% of new job seekers receiving an invitation to apply within seven days [9][19] - Revenue in April 2023 was down 27% year-over-year, indicating a continued contraction in demand [24] Company Strategy and Development Direction - The company is focused on decreasing expenses to maintain profitability amid a softening labor market [7][9] - Investments in technology and product improvements are expected to yield long-term benefits despite current macroeconomic challenges [12][48] - The company aims to enhance its matching technology and user experience to adapt to changing market conditions [10][48] Management's Comments on Operating Environment and Future Outlook - Management noted an atypical softness in hiring demand, affecting both SMBs and enterprises [7][24] - The company is not providing full-year revenue guidance due to the uncertain economic environment [8][24] - Management remains confident in achieving adjusted EBITDA guidance despite the challenging conditions [29][30] Other Important Information - The Board of Directors authorized a $100 million increase to the share repurchase program, totaling $450 million [23] - The company is leveraging generative AI to improve job description processes and enhance user experience [14][19] Q&A Session Summary Question: Acceleration of revenue decline and confidence in EBITDA guidance - Management confirmed an acceleration in the deceleration of demand for recruiting services, with no historical precedent for current conditions [29][30] Question: Impact of work from home on business - Less than 10% of listings offer remote work, which does not significantly impact overall business [35] Question: Vertical performance and resilience - Healthcare and travel sectors show resilience, while technology is more impacted by the slowdown [36] Question: Competition and market dynamics - Competitors are also pulling back on investments, and management focuses on customer needs rather than competition [39] Question: Progress towards enterprise revenue goals - Short-term demand for hiring has decreased across all segments, but long-term needs remain strong [40][41] Question: Sustaining revenue per paid employer growth - Management expressed confidence in long-term trends for revenue per paid employer despite current disruptions [44] Question: AI investments as competitive differentiators - The company believes its early investments in AI will provide a competitive edge in the future [47][48]
ZipRecruiter(ZIP) - 2023 Q1 - Quarterly Report
2023-05-09 20:18
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40406 ZIPRECRUITER, INC. (Exact name of registrant as specified in its charter) Delaware 27-2976158 (State or other jurisdiction of incorporation or organi ...
ZipRecruiter(ZIP) - 2022 Q4 - Annual Report
2023-02-27 22:27
Financial Performance - For the year ended December 31, 2022, the company reported revenue of $904.6 million, a 22% increase from $741.1 million in 2021[30] - Net income for 2022 was $61.5 million, compared to $3.6 million in 2021, indicating significant profitability growth[30] - Adjusted EBITDA for 2022 was $184.9 million, up from $108.3 million in 2021, reflecting improved operational efficiency[30] User Engagement - The company engaged over 42 million Active Job Seekers in 2022, highlighting a robust user base[44] - The technology utilized by the company processes billions of user interactions, enhancing the quality of job matches over time[44] - The brand awareness among U.S. employers and job seekers exceeds 80%, showcasing strong market presence[44] Workforce and Culture - The company employs over 1,400 individuals across multiple countries, emphasizing its commitment to human capital[46] - The company has a metrics-driven culture, focusing on quantitative operating goals to drive performance[44] Technology and Investment - The company has invested in technology capabilities to build a category-defining marketplace for job seekers and employers[50] Risk Management - The company is subject to evolving data privacy laws, which may impact its operations and compliance costs[53] - The company is subject to interest rate risk related to its credit facility, which currently has no outstanding amounts, indicating no material exposure to interest rate changes[380] - A hypothetical 10% change in interest rates would not have materially impacted the company's consolidated financial statements[380] - The company maintains a diversified portfolio of cash equivalents and marketable securities to minimize interest rate risk, including U.S. government securities and corporate debt[382] - A hypothetical increase in interest rates of 100 basis points would result in a $1.3 million decrease in the fair value of the investment portfolio[382] - The company is exposed to foreign currency risk primarily from expenses in Canadian Dollar, British Pound, and Israeli New Shekel[383] - Fluctuations in foreign exchange rates could impact the company's net income due to transaction gains and losses[383] - A hypothetical 10% change in foreign currency exchange rates would not have materially impacted the company's consolidated financial statements[383]
ZipRecruiter(ZIP) - 2022 Q4 - Earnings Call Transcript
2023-02-22 02:09
ZipRecruiter, Inc. (NYSE:ZIP) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Corporate Participants Drew Haroldson - Investor Relations Ian Siegel - Co-Founder and Chief Executive Officer David Travers - President Tim Yarbrough - Chief Financial Officer Conference Call Participants Aaron Kessler - Raymond James Mark Mahaney - Evercore Eric Sheridan - Goldman Sachs Doug Anmuth - JPMorgan Trevor Young - Barclays Ralph Schackart - William Blair Operator Ladies and gentlemen, good afternoon. My n ...
Ziprecruiter (ZIP) Investor Presentation - Slideshow
2022-12-02 10:41
TEXT #2F3639 #5BC86A #277F6A #394B5D #E0E0E0 #A9B4BF #58595B #B0E322 et's Find Jobs For You Theat, Mysen Anywood 1 Copyright © 2022 ZipRecruiter, Inc. All Rights Reserved. Keep all text and images (other than full slide backgrounds) .25" from the LH/RH sides of the slide to avoid being cut off when printed Corporate Presentation November 2022 TEXT #2F3639 #5BC86A #277F6A #394B5D #E0E0E0 #A9B4BF #58595B #B0E322 LEGAL NOTICE Keep all text and images (other than full slide backgrounds) .25" from the LH/RH side ...