ZipRecruiter reports Q4 EPS 5c, consensus 7c

Reports Q4 revenue $135.9M, consensus $128.3M. “Despite one of the slowest hiring markets in recent memory, ZipRecruiter delivered net income of $49 million and Adjusted EBITDA of $175 million in full year 2023. This represented a net income margin of 8% and Adjusted EBITDA margin of 27%, a year-over-year increase of 1 and 7 percentage points, respectively. Even with the significant top-line headwinds in 2023, our profitable performance and product innovation allow ZipRecruiter to enter 2024 from a position of strength,” said Ian Siegel, CEO of ZipRecruiter. “The long-term opportunity to disrupt how job seekers and employers connect remains large, and ZipRecruiter is well-positioned for an eventual labor market recovery. We will continue to invest in cutting edge technology to improve our matching algorithms and products to increase engagement between employers and job seekers. While the shape and duration of the current labor market cycle remains out of our control, we are steadfast in our mission of actively connecting people to their next great opportunity.”