Ziprecruiter Inc Stock Price, News & Analysis

ZipRecruiter (NYSE: ZIP) has announced the pricing of $550 million in Senior Notes with a 5.000% interest rate due in 2030, increased from an initial offering of $500 million due to market demand. The offering is set to close on January 12, 2022. Interest will be paid semi-annually, starting July 15, 2022. The funds will be used for general corporate purposes, including capital expenditures and working capital. The notes will be sold privately to qualified institutional buyers under specific regulations and are not registered under the Securities Act.

ZipRecruiter (NYSE: ZIP) announced plans to offer $500 million in Senior Notes due 2030 in a private offering, pending market conditions. The proceeds will be used for general corporate purposes, including capital expenditures and working capital. The notes will be offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. The offering is subject to various market factors.

This announcement does not constitute an offer to sell or buy the notes and is aimed at institutional investors only.

ZipRecruiter (NYSE: ZIP) has announced key executive promotions effective today, positioning itself for future growth. David Travers has been promoted to President, overseeing Corporate Development and Finance, while Timothy Yarbrough becomes Chief Financial Officer, having previously served as Chief Business Officer. Amy Garefis has been appointed Chief Accounting Officer, further strengthening the finance team. CEO Ian Siegel emphasized the importance of these executives in driving the company's mission to connect job seekers with opportunities amid a dynamic U.S. economy.

ZipRecruiter, a leading online employment marketplace, will present at three virtual investor conferences in December 2021. The events include the Wells Fargo TMT Summit on December 2, Raymond James Technology Investors Conference on December 6, and Barclays Global TMT Conference on December 8. Live webcasts will be available on their investor relations website. ZipRecruiter continues to be a top-rated job search app across platforms and is recognized for connecting job seekers with opportunities effectively.

ZipRecruiter reported a record quarterly revenue of $213 million, representing a 107% year-over-year increase. The company attributes this growth to strong performance and robust demand in its marketplace. Consequently, it has raised its full-year guidance for revenue and Adjusted EBITDA for 2021. CEO Ian Siegel emphasized the importance of connecting job seekers with opportunities as hiring trends remain strong despite job-seeking activity being below pre-pandemic levels.

ZipRecruiter has integrated with Worthi® by Citi, offering job seekers essential resources to enhance their skills for new career opportunities. With over 20% of U.S. workers contemplating job changes, this collaboration aims to facilitate skill acquisition and job matching. Worthi provides insights into in-demand skills and connects users to online courses. Job postings requiring no prior experience have seen a 15.3% increase since 2018, underscoring the evolving job market. This partnership supports the growing need for accessible skill development tools.

ZipRecruiter, a top online employment marketplace, will release its third quarter 2021 financial results on November 10, 2021. The company will host a conference call at 2:00 PM PT to discuss the results for the period ending September 30, 2021. Investors can access the live webcast on their website.

ZipRecruiter has maintained its position as the #1 job search app on iOS and Android over the past four years and is recognized as the top employment marketplace by G2.