On November 6, 2024, ZipRecruiter, Inc., a leading online employment marketplace, reported its financial results for the third quarter ended September 30, 2024. The company announced a quarterly revenue of $117.1 million and a net loss of $2.6 million, which translates to a net loss margin of 2%. However, the Adjusted EBITDA was positive at $15.0 million, or an Adjusted EBITDA margin of 13%. Alongside the financial results, ZipRecruiter also disclosed a $100 million increase to its share repurchase program, adding to the previous authorization of $550 million. As of the end of the quarter, approximately $25.8 million remained available for future repurchases under the program. The share repurchase program is ongoing and subject to market conditions and corporate considerations. The company also posted supplemental investor materials on its website and communicated...Show More

On November 6, 2024, ZipRecruiter, Inc., a leading online employment marketplace, reported its financial results for the third quarter ended September 30, 2024. The company announced a quarterly revenue of $117.1 million and a net loss of $2.6 million, which translates to a net loss margin of 2%. However, the Adjusted EBITDA was positive at $15.0 million, or an Adjusted EBITDA margin of 13%. Alongside the financial results, ZipRecruiter also disclosed a $100 million increase to its share repurchase program, adding to the previous authorization of $550 million. As of the end of the quarter, approximately $25.8 million remained available for future repurchases under the program. The share repurchase program is ongoing and subject to market conditions and corporate considerations. The company also posted supplemental investor materials on its website and communicated its intention to use various channels, including its website and social media, to announce material information to investors. The Board of Directors authorized the additional share repurchase on November 5, 2024. ZipRecruiter's CEO, Ian Siegel, expressed confidence in the long-term health of the U.S. labor market despite the current downturn in hiring activity. The company's financial guidance and management commentary were made available in a shareholder letter on the investor relations website. A conference call to discuss the financial results was scheduled for November 6, 2024.