NYSE$ZIP

ZipRecruiter Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced strong Q3 2022 results with revenue up 7% y/y and raised revenue guidance.

ZipRecruiter reported a strong third quarter with revenue of $227.0 million, a 7% increase year-over-year. The company also raised its revenue guidance to $897M - $903M and Adjusted EBITDA guidance to $173M - $179M.

  • Delivered strong growth and profitability in Q3 2022, performing ahead of expectations.
  • Achieved Adjusted EBITDA margin expansion due to the strength of the business model and disciplined investment strategy.
  • Proven ability to thrive in a wide range of macroeconomic conditions.
  • Authorized a $200 million increase to the share repurchase program.

Headline financials

Total Revenue

$227M

Previous: $213M+6.7%
EPS (adj)

$0.17

Previous: $0.17+0.0%
Capital Expenditures

-$2.22M

Previous: -$5.68M+60.9%
Free Cash Flow

$18.3M

Previous: $16.4M+11.9%
Net Income

$20.6M

Previous: $22.1M-6.8%
Operating Income

$29.5M

Previous: $18M+64.0%
Gross Profit

$205M

Previous: $190M+7.7%
Cash & Equivalents

$483M

Previous: $205M+135.7%
Total Assets

$818M

Previous: $352M+132.4%
Stock-Based Comp

$19.3M

Previous: $22M-12.3%

Revenue & EPS history

ZipRecruiter · Revenue · Quarterly

$227M

Q3 2022+6.7%vs Q3 2021
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Forward guidance

ZipRecruiter raised revenue guidance to $897M - $903M and Adjusted EBITDA guidance to $173M - $179M.

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 Q3 2022

Historical avgQ3 2022

-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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