ZipRecruiter reported Q2 2024 revenue of $123.7 million, down 27% year-over-year, as challenging macroeconomic conditions continued to impact hiring demand. Net income was $7.0 million, compared to $14.4 million in Q2 2023. The company maintained a healthy 90% gross margin while Adjusted EBITDA reached $27.8 million with a 23% margin.The number of Quarterly Paid Employers decreased slightly to 70,458 in Q2 as employers moderated hiring plans amid economic uncertainty. However, Revenue per Paid Employer increased to $1,755, reflecting improved product value despite market headwinds. Operating expenses decreased 23% to $101.3 million through disciplined cost management.Looking ahead, ZipRecruiter continues to invest in research and development to enhance its marketplace technology while maintaining operational efficiency. The company expanded its credit facility from $250 million to $290 million in July 2024 and completed the acquisition of UK-based employee review platform Breakroom for $12.6 million to complement its U.S. employment offerings.

ZipRecruiter reported Q2 2024 revenue of $123.7 million, down 27% year-over-year, as challenging macroeconomic conditions continued to impact hiring demand. Net income was $7.0 million, compared to $14.4 million in Q2 2023. The company maintained a healthy 90% gross margin while Adjusted EBITDA reached $27.8 million with a 23% margin.The number of Quarterly Paid Employers decreased slightly to 70,458 in Q2 as employers moderated hiring plans amid economic uncertainty. However, Revenue per Paid Employer increased to $1,755, reflecting improved product value despite market headwinds. Operating expenses decreased 23% to $101.3 million through disciplined cost management.Looking ahead, ZipRecruiter continues to invest in research and development to enhance its marketplace technology while maintaining operational efficiency. The company expanded its credit facility from $250 million to $290 million in July 2024 and completed the acquisition of UK-based employee review platform Breakroom for $12.6 million to complement its U.S. employment offerings.