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ZIP ZipRecruiter News Story

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ZipRecruiter Q2 revenue beats expectations, ups share buyback program

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$112.20 mln$111.90 mln (8 Analysts)
Q2 Net Income-$9.50 mln
Q2 Adjusted EBITDABeat$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.)

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