DHI Group sees FY24 revenue down low single-digits, consensus $142.32M

Commenting on 2024 guidance, Raime Leeby, CFO of DHI Group, said: “While we saw signs of an improved bookings environment across all of our new business teams in the fourth quarter, we do not expect total bookings growth to return until the second half of the year, which we expect to result in a low single-digit percentage decline in our total revenue for the full year. From a profitability perspective, we are targeting an Adjusted EBITDA margin of 24% for the full year. We remain focused on driving long-term, sustainable revenue growth and are well positioned from a customer acquisition perspective to return to more accelerated growth when the economy begins its recovery and tech hiring returns.”