Ziprecruiter Inc Stock Price, News & Analysis

ZipRecruiter (ZIP) has been named to Fast Company's World's Most Innovative Companies for 2025, recognizing its groundbreaking technological innovations in the employment marketplace sector.

The company earned recognition for transformative product innovations including ZipIntro, a next-generation Resume Database, and AI-powered job seeker tools that streamline the hiring process. CEO Ian Siegel emphasized their mission of redefining hiring by facilitating meaningful connections between employers and job seekers.

As the #1 rated job site in the U.S., ZipRecruiter's innovations focus on:

• Enabling faster hiring processes for employers
• Creating face-to-face connections through ZipIntro
• Offering a smart Resume Database for quick candidate discovery
• Implementing AI-powered tools to enhance job seeker potential

ZipRecruiter (NYSE: ZIP), the online employment marketplace, has announced its participation in the upcoming KeyBanc Emerging Technology Summit. The company will deliver a presentation on Wednesday, March 5th, 2025 at 2:30pm PT/5:30pm ET, where it will also host individual and small group meetings.

Investors and interested parties can access both the live and archived versions of the presentation through the company's investor relations website at investors.ziprecruiter.com.

ZipRecruiter (NYSE: ZIP) released its Q4 and full-year 2024 financial results. The company reported quarterly revenue of $111.0 million and full-year revenue of $474.0 million. The company posted a full-year net loss of ($12.9) million, representing a net loss margin of (3)%. Full-year Adjusted EBITDA reached $78.0 million, with a 16% margin.

Despite challenging market conditions, ZipRecruiter implemented multiple marketplace improvements, including new product launches and M&A expansions. The company projects Q1 2025 revenue guidance of $109 million at midpoint, representing a 2% sequential decline from Q4'24, showing improvement compared to previous years' Q1 declines of 13% and 10% in 2023 and 2024, respectively.

ZipRecruiter (NYSE:ZIP) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 25, 2025. The company will host a conference call and webcast at 2:00pm PT (5:00pm ET) on the same day to discuss business and financial results.

Investors can access the live call via phone using (888) 440-4199 or (646) 960-0818 with Conference ID 9351892. A live webcast will be available on the company's Investor Relations website. A telephonic replay will be accessible until March 4, 2025, using (800) 770-2030 or (609) 800-9909 with the same Conference ID.

ZipRecruiter's Second Annual Employer Survey reveals strong optimism for 2025, with 76% of employers planning to expand headcount. The survey of 2,000 businesses shows significant improvements in employee retention, with average turnover rates falling 37% year-over-year.

Key findings include a shift toward hybrid work models, with 40% of employers supporting mixed arrangements while fully remote work declined to 7% from 21% in 2023. Companies requiring in-office presence at least three days weekly increased to 53% from 37%.

Regarding compensation, 41% of employers increased base salaries for new hires in 2024, and 79% plan raises for 2025, with 55% planning 1-4% increases and 24% anticipating 5% or more. The positive outlook is supported by easing inflation and stabilizing interest rates, with 64% of employers believing macroeconomic conditions will support hiring in 2025.

ZipRecruiter (NYSE: ZIP) has announced its participation in two major investor conferences in December 2024. The company will present at the UBS Global Technology and AI Conference on December 3rd, with a live presentation scheduled for 8:15am MT/10:15am ET. Additionally, ZipRecruiter will attend the Barclays Global Technology Conference on December 12th, where they will conduct one-on-one and small group investor meetings. A webcast of the UBS conference presentation will be accessible through the company's investor relations website.

ZipRecruiter and Paradox have announced a strategic partnership integrating Paradox's Conversational Applicant Tracking System (ATS) with ZipRecruiter's job seeker platform. The integration enables enterprise companies using Paradox ATS to access ZipRecruiter's ZipApply feature, which reduces application time by an average of 30 minutes. The system delivers 3x more applications and 4x faster candidate acquisition. Southern Rock Restaurants, a McAlister's Deli franchisee, reported improved applicant flow and increased conversion within 30 days of implementing the integration.

ZipRecruiter (NYSE: ZIP) reported Q3 2024 financial results with revenue of $117.1 million and a net loss of ($2.6) million, representing a net loss margin of (2)%. The company achieved Adjusted EBITDA of $15.0 million with a 13% margin. Despite facing a prolonged downturn in hiring activity, management expressed confidence in the U.S. labor market's long-term health. The Board authorized a $100 million increase to its share repurchase program, viewing it as an attractive capital allocation option given the undervalued equity.

ZipRecruiter (NYSE:ZIP), a leading online employment marketplace, has announced it will report its financial results for the third quarter of 2024 on Wednesday, November 6, 2024. The company will host a conference call and webcast at 2:00pm PT (5:00pm ET) on the same day to discuss the business and financial results.

Interested parties can access the live call by dialing (888) 440-4199 or (646) 960-0818 with the Conference ID 9351892. A live webcast will also be available on the Investor Relations section of ZipRecruiter's website at investors.ziprecruiter.com. Additionally, a telephonic replay of the conference call will be accessible until Wednesday, November 13, 2024, by dialing (800) 770-2030 or (609) 800-9909 with the same Conference ID.