NYSE$ZIP

ZipRecruiter Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced second quarter 2023 results with revenue down 29% y/y.

ZipRecruiter reported Q2 2023 results with a revenue of $170.4 million, a net income of $14.4 million, and an adjusted EBITDA of $43.3 million.

  • Quarterly revenue was $170.4 million, down 29% year-over-year.
  • Net income was $14.4 million, representing a net income margin of 8%.
  • Adjusted EBITDA was $43.3 million, with an Adjusted EBITDA margin of 25%.
  • The company remains focused on creating new and better ways for employers and job seekers to connect.

Headline financials

Total Revenue

$170M

Previous: $240M-29.0%
EPS (adj)

$0.14

Previous: $0.11+27.3%
Adjusted EBITDA

$43.3M

No prior period
Adjusted EBITDA Margin

25.0%

No prior period
Capital Expenditures

-$452K

Previous: -$1.66M+72.8%
Free Cash Flow

$13.9M

Previous: $11.4M+21.7%
Net Income

$14.4M

Previous: $13.1M+9.7%
Operating Income

$22.5M

Previous: $25.1M-10.3%
Gross Profit

$155M

Previous: $218M-29.1%
Cash & Equivalents

$239M

Previous: $700M-65.9%
Total Assets

$634M

Previous: $858M-26.1%
Stock-Based Comp

$17.6M

Previous: $17.7M-0.1%

Revenue & EPS history

ZipRecruiter · Revenue · Quarterly

$170M

Q2 2023-29%vs Q2 2022
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Forward guidance

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding ZipRecruiter’s marketplace, and other statements that reflect ZipRecruiter’s current expectations and projections with respect to, among other things, 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 Q2 2023

Historical avgQ2 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

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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