NYSE$ZIP
ZipRecruiter Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
ZipRecruiter's revenue declined due to a challenging industry backdrop, but Adjusted EBITDA exceeded expectations.
ZipRecruiter reported a 19% year-over-year decrease in quarterly revenue, totaling $183.7 million. Net income was $5.0 million, representing a 3% net income margin. Adjusted EBITDA reached $35.3 million, with an Adjusted EBITDA margin of 19%. The company also announced a $100 million increase to its share repurchase program authorization.
- Revenue for the quarter was $183.7 million, a 19% decrease year-over-year.
- Net income was $5.0 million, resulting in a net income margin of 3%.
- Adjusted EBITDA was $35.3 million, with an Adjusted EBITDA margin of 19%.
- The company increased its share repurchase program authorization by $100 million.
Headline financials
Revenue & EPS history
ZipRecruiter · Revenue · Quarterly
$184M
Forward guidance
The company maintains its full year Adjusted EBITDA guidance of $185 million at the midpoint, despite a softening in online job postings.
Tailwinds
- Company is able to maintain full year Adjusted EBITDA guidance.
- The company has a nimble business model.
- The company has a strong brand.
- The company has strong technology.
- The company has a strong financial model.
Headwinds
- Macroeconomic environment remains highly uncertain.
- Online job postings have softened further in 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-4.1%
Avg return
Earnings day
-5.6%
Avg return
5 days after
-5.1%
Avg return
30 days after
38%
9 / 24 earnings
Positive
+18.7%
Q3 2024
Best reaction
-24.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | +18.9% | +1.6% | |
| Q4 2025 | -24.5% | -29.5% | -31.5% | |
| Q3 2025 | +4.9% | +13.5% | +31.7% | |
| Q1 2025 | -23.6% | -9.6% | +9.5% | |
| Q4 2024 | -15.9% | -17.7% | -14.1% | |
| Q3 2024 | +18.7% | +17.9% | -12.8% | |
| Q2 2024 | +7.0% | -1.2% | +18.3% | |
| Q1 2024 | -11.6% | -8.4% | -13.4% | |
| Q4 2023 | -7.2% | -10.8% | -15.3% | |
| Q3 2023 | -2.0% | +0.3% | +15.5% | |
| Q2 2023 | -8.6% | -3.4% | -12.6% | |
| Q1 2023 | -4.4% | -13.6% | -6.6% | |
| Q4 2022 | -24.4% | -27.1% | -36.8% | |
| Q3 2022 | +14.6% | +9.1% | +9.0% | |
| Q2 2022 | -5.7% | -21.6% | -9.1% | |
| Q1 2022 | +5.8% | +9.7% | -4.4% | |
| Q4 2019 | -5.0% | -8.5% | +8.0% | |
| Q4 2021 | +7.8% | +2.4% | +15.0% | |
| Q3 2020 | +3.2% | +5.7% | -11.7% | |
| Q3 2021 | +3.8% | +7.1% | -8.4% | |
| Q1 2021 | -10.6% | -18.3% | -13.7% | |
| Q2 2020 | -10.6% | -18.3% | -13.7% | |
| Q4 2020 | -10.6% | -18.3% | -13.7% | |
| Q2 2021 | +0.6% | -12.9% | -12.8% | |
| Q1 2020 | — | — | — |
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