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Dec 31, 2024
ZipRecruiter Q4 2024 Earnings Report
Estimated Revenue:$108M
-15.0% YoY
Estimated EPS:$5.4M
+7858687718.5% YoY
Key Takeaways
ZipRecruiter announced its financial results for the fourth quarter and full year ended December 31, 2024. The company reported quarterly revenue of $111.0 million and a full-year revenue of $474.0 million. Despite a difficult hiring environment, ZipRecruiter delivered multiple improvements to its marketplace and managed down operating expenses while continuing to invest in product and technology.
Quarterly revenue reached $111.0 million.
Full-year revenue was $474.0 million.
Full-year net loss was ($12.9) million, representing a net loss margin of (3)%.
Full-year Adjusted EBITDA was $78.0 million, with an Adjusted EBITDA margin of 16%.
ZipRecruiter
ZipRecruiter
Forward Guidance
ZipRecruiter enters 2025 with cautious optimism on improving revenue trends, with Q1 revenue guidance of $109 million at the midpoint, which is down 2% versus Q4’24. This decline is less severe than sequential declines in previous years.
Positive Outlook
- Cautious optimism on improving revenue trends from internal and external indicators.
- Q1 revenue guidance of $109 million at the midpoint, a less severe sequential decline compared to prior years.
- The company remains nimble, indicating adaptability to market changes.
- A solid balance sheet provides a strong foundation to capture market share.
- Continued focus on connecting people to opportunities, which is the core mission.
Challenges Ahead
- Q1 revenue guidance of $109 million at the midpoint is down 2% versus Q4’24.
- The labor market downturn is protracted, indicating ongoing challenges.
- Sequential revenue declines in Q1 2023 and 2024 were 13% and 10% respectively, highlighting a challenging trend.
- The company operates in a difficult hiring environment.
- Future results could be affected by various risks and uncertainties, including competition and macroeconomic factors.
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Key Statistics
Market Cap
$436M
P/E Ratio
161.57
Sector
Technology Services
Industry
Internet Software Or Services
52-Week High
$11.1
52-Week Low
$3.46
Adjusted EBITDA
$78M
Adjusted EBITDA Margin
16%
Net Loss Margin
-3%