ZipRecruiter reports Q3 adjusted EBITDA $15M vs. $54M last year

Reports Q3 revenue $117.1M, consensus $112.6M. “While by several measures this is one of the more prolonged downturns in hiring activity, we are confident in the long term health of the U.S. labor market and see the end of the ‘Great Stay’ as a future tailwind. Navigating the ups and downs of the labor market is a reality of our business. Our playbook has proven effective during this period, as we are able to invest in product and technology while maintaining financial strength,” said Ian Siegel, CEO of ZipRecruiter (ZIP). “We remain intently focused on our mission of actively connecting people to their next great opportunity. Our share gains with job seekers are proof that our product roadmap is working, and we believe is an early signal of future market share shifts in revenue dollars from employers.”