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ZipRecruiter ( (ZIP) ) has shared an update.
ZipRecruiter has announced a $100 million increase to its share repurchase program, highlighting its strategy of investing in undervalued equity amidst a challenging job market. Despite a net loss of $2.6 million in Q3 2024, the company reported adjusted EBITDA of $15 million, showcasing its financial resilience. CEO Ian Siegel expressed confidence in the long-term health of the U.S. labor market, emphasizing a focus on product development and market share growth.
For a thorough assessment of ZIP stock, go to TipRanks’ Stock Analysis page.
