ZipRecruiter(ZIP)
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ZipRecruiter(ZIP) - 2024 Q1 - Quarterly Results
2024-05-09 20:26
Exhibit 99.2 ZipRecruiter® SHAREHOLDER LETTER Q1 2024 ZipRecruiter helps Great Lakes Skipper hire for l was hired through ZipRecruiter, and loved it. Now, I use it for all our hiring needs. Carolyn Dunn, Office Manager ZipRecruiter® Great Lakes Skipper is a large national supplier of hard-to-find and specialty marine supplies and accessories. Facing increasing demand in commercial and recreational boating, Great Lakes Skipper has seen significant growth across their organization. To manage rising demand, th ...
ZipRecruiter(ZIP) - 2023 Q4 - Annual Report
2024-02-28 21:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40406 ZIPRECRUITER, INC. (Exact name of registrant as specified in its charter) Delaware 27-2976158 (State or other ...
ZipRecruiter(ZIP) - 2023 Q4 - Earnings Call Presentation
2024-02-23 01:24
ZipRecruiter® CORPORATE PRESENTATION February 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 February 22, 2024 unless stated otherwise. This presentation contains "forward-looking" statements within th ...
ZipRecruiter(ZIP) - 2023 Q4 - Earnings Call Transcript
2024-02-23 01:23
ZipRecruiter, Inc. (NYSE:ZIP) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Drew Haroldson - Investor Relations Ian Siegel - Chief Executive Officer David Travers - President Timothy Yarbrough - Executive Vice President and Chief Financial Officer Conference Call Participants Kunal Madhukar - UBS Brian Fitzgerald - Wells Fargo Ralph Schackart - William Blair Justin Patterson - KeyBanc Mark Mahaney - Evercore Eric Sheridan - Goldman Sachs Operator Ladies and gentlemen, th ...
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]