NYSE$ZIP

ZipRecruiter Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported a quarterly revenue of $122.2 million and a net loss of ($6.5) million.

ZipRecruiter announced its Q1 2024 financial results, reporting a quarterly revenue of $122.2 million and a net loss of ($6.5) million, with an Adjusted EBITDA of $20.8 million.

  • Quarterly revenue was $122.2 million.
  • Net loss for the quarter was ($6.5) million, resulting in a net loss margin of (5)%.
  • Adjusted EBITDA for the quarter was $20.8 million, with an Adjusted EBITDA margin of 17%.
  • The company is focused on investments to improve outcomes for both employers and job seekers.

Headline financials

Total Revenue

$122M

Previous: $184M-33.5%
EPS

-$0.07

Previous: $0.05-240.0%
Adjusted EBITDA

$20.8M

Previous: $35.3M-41.1%
Adjusted EBITDA Margin

17.0%

Previous: 19.0%-10.5%
Capital Expenditures

-$126K

Previous: -$414K+69.6%
Free Cash Flow

-$6.63M

Previous: $4.6M-244.2%
Net Income

-$6.51M

Previous: $5.01M-229.8%
Operating Income

-$906K

Previous: $11M-108.3%
Gross Profit

$109M

Previous: $163M-33.2%
Cash & Equivalents

$283M

Previous: $215M+31.7%
Total Assets

$662M

Previous: $657M+0.8%
R&D Expense

$36.1M

No prior period
Stock-Based Comp

$18.6M

Previous: $21.6M-13.9%

Revenue & EPS history

ZipRecruiter · Revenue · Quarterly

$122M

Q1 2024-33.5%vs Q1 2023
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Forward guidance

The release contains forward-looking statements regarding market share and employer demand, reflecting ZipRecruiter’s current expectations and projections with respect to its financial condition, results of operations, plans, objectives, future performance, and business.

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 2024

Historical avgQ1 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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