Overview
ZipRecruiter Q2 revenue of $112.2 mln beats analyst expectations, per LSEG data
Adjusted EBITDA for Q2 beats consensus
Co announces $100 mln increase to share repurchase program authorization
Outlook
Company expects sequential revenue growth from Q2 to Q3 for first time since 2021
ZipRecruiter anticipates modest year-over-year revenue growth in Q4
Result Drivers
SEQUENTIAL GROWTH - ZipRecruiter reports sequential growth in paid employers since Q4 2024, indicating early signs of momentum
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$112.20 mln
$111.90 mln (8 Analysts)
Q2 Net Income
-$9.50 mln
Q2 Adjusted EBITDA
Beat
$9.30 mln
$7.40 mln (7 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy."
Wall Street's median 12-month price target for Ziprecruiter Inc is $6.50, about 38.6% above its August 8 closing price of $3.99
Press Release: ID:nBw1sck7Ka
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)