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%
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
investors.ziprecruiter.com.
“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 investors.ziprecruiter.com. An archived version will be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 www.ziprecruiter.com.
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 businesswire.com: https://www.businesswire.com/news/home/20250507392938/en/
Investors: Emilio Sartori Investor
Relations ir@ziprecruiter.com
Corporate Communications: Claire
Walsh Press Relations press@ziprecruiter.com
ZipRecruiter (NYSE:ZIP)
過去 株価チャート
から 5 2025 まで 6 2025
ZipRecruiter (NYSE:ZIP)
過去 株価チャート
から 6 2024 まで 6 2025
