Ziprecruiter Inc Stock Price, News & Analysis

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.

ZipRecruiter has launched a next-generation Resume Database for employers, offering enhanced search and filtering capabilities, instant access to candidate contact info, and improved workflow management tools. This update aims to help employers find qualified candidates faster and more efficiently.

Key features of the new Resume Database include:

• Enhanced search experience that goes beyond exact phrase matching
• Advanced filtering options for skills, certifications, and experience
• One-click access to candidate contact information
• Real-time alerts for new matching resumes
• Improved organization tools for managing multiple roles

With 350,000 resumes added monthly, ZipRecruiter's platform provides access to fresh resumes from active job seekers. The company's SVP of Product, Megan Allen, emphasized the tool's ability to streamline the hiring process and connect employers with qualified candidates more effectively.

ZipRecruiter (NYSE: ZIP) has fully launched ZipIntro, a new tool designed to accelerate face-to-face connections between employers and job seekers. This innovative solution aims to create a faster and more personal hiring experience. Key features of ZipIntro include:

• AI-powered candidate matching
• Quick video screening sessions
• Streamlined scheduling process

The tool has shown promising results, with employers receiving their first RSVP in under 20 minutes on average. ZipIntro helps employers get 3x more quality candidates, and over 90% of job seekers who have used it are likely to use it again. This launch follows ZipRecruiter's recent AI-powered enhancements, including conversational AI for job recommendations and resume crafting.

ZipRecruiter (NYSE: ZIP), a leading online employment marketplace, has announced its participation in the upcoming Goldman Sachs Communacopia & Technology Conference. The event is scheduled for Wednesday, September 11th, 2024, with ZipRecruiter's presentation set to begin at 2:25 PM PT / 5:25 PM ET.

Investors and interested parties can access a live webcast of the presentation through ZipRecruiter's investor relations website. For those unable to attend or watch in real-time, an archived version of the webcast will also be made available on the same platform, allowing for on-demand viewing after the event concludes.

ZipRecruiter (NYSE: ZIP) has launched Talent All-Stars, a new weekly podcast hosted by company President David Travers. The show features interviews with senior HR and Talent Acquisition professionals from influential businesses, offering insights on becoming an effective business-driven storyteller in HR.

The inaugural season includes conversations with CEOs and senior leaders from NBCUniversal, eBay, Marriott International, HubSpot, Bain Capital, Nike, GoDaddy, and FedEx Corp. Topics cover getting organizational buy-in, important metrics, and building teams that drive business growth. New episodes are released every Tuesday on major podcast platforms, with video versions available on ZipRecruiter's YouTube channel.

ZipRecruiter (NYSE: ZIP) reported its Q2 2024 financial results, showcasing resilience amid a prolonged labor market downturn. The company achieved quarterly revenue of $123.7 million, with a net income of $7.0 million (6% margin) and Adjusted EBITDA of $27.8 million (23% margin). CEO Ian Siegel emphasized the company's flexible financial model and ongoing investments in product and technology initiatives. Despite market challenges, ZipRecruiter continues to gain job seeker traffic and drive product innovations. The company remains confident in its ability to disrupt the recruitment industry and transform employer-job seeker interactions in the coming years.

ZipRecruiter (NYSE: ZIP) has acquired Breakroom, a UK-based employer review platform focused on frontline industries. ZipRecruiter plans to launch Breakroom in the United States to provide job seekers with authentic insights about potential employers. Breakroom collects data from frontline workers on various aspects of employment, offering community-powered ratings for jobs.

The acquisition aims to empower job seekers with better information about potential employers, leading to improved job matches and outcomes. Breakroom, which will continue to operate as an independent brand, has built a platform featuring hundreds of thousands of reviews since its launch in 2020. The platform also provides employers with actionable insights and tools to improve their ratings, job offerings, and employee retention.

ZipRecruiter (NYSE: ZIP) has announced changes to its Board of Directors, effective July 31, 2024. Mike Gupta, currently CFO of Calm.com, Inc., will join the Board and serve on the Audit Committee. Gupta brings extensive tech industry experience, having held executive roles at companies like Twitter and Docker. He replaces Eric Liaw, who is resigning from the Board.

CEO Ian Siegel praised Gupta's strategic leadership and financial acumen, expressing confidence that his experience will benefit ZipRecruiter's mission to transform employer-job seeker interactions. Gupta's appointment is seen as a valuable addition to the company's leadership team, potentially bringing fresh perspectives to ZipRecruiter's growth strategies.