ZipRecruiter, Inc. ( (ZIP) ) has released its Q4 earnings. Here is a breakdown of the information ZipRecruiter, Inc. presented to its investors.
ZipRecruiter, Inc. is a leading online employment marketplace that connects job seekers with employers, leveraging powerful matching technology to enhance the job search experience and facilitate hiring for businesses of all sizes. The company operates primarily in the technology sector, focusing on employment services.
In its latest earnings report, ZipRecruiter announced a quarterly revenue of $111.0 million and a full-year revenue of $474.0 million for 2024. Despite a challenging hiring environment, the company managed to maintain resilience through strategic product advancements and mergers and acquisitions.
Key financial highlights include a full-year net loss of $12.9 million, translating to a net loss margin of 3%. However, ZipRecruiter achieved an Adjusted EBITDA of $78.0 million, representing a margin of 16%. These figures reflect the company’s efforts to manage operating expenses while continuing to invest in technology and product development.
Looking ahead, ZipRecruiter remains cautiously optimistic about improving revenue trends in 2025, despite a protracted labor market downturn. The company anticipates a slight sequential revenue decline in Q1 2025 but believes its strong balance sheet positions it well to capture market share as hiring activity rebounds. ZipRecruiter remains committed to its mission of connecting people to new job opportunities, regardless of labor market cycles.