ZipRecruiter Announces Fourth Quarter and Full Year 2023 Results

ZipRecruiter (NYSE: ZIP) a leading online employment marketplace, today announced financial results for the quarter and full year ended December 31, 2023. ZipRecruiter’s complete fourth quarter and full year 2023 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.

“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.”

Conference Call Details

ZipRecruiter will host a conference call today, February 22, 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 An archived version will be available on the website two hours after the completion of the call.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 [phone], or [phone] for callers outside the United States and use the Conference ID 9351892. To listen to the telephonic replay, available until Thursday, February 29, 2024, please dial [phone] or [phone] for callers outside the United States and use the Conference ID 9351892.