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ZIP — ZipRecruiter News Story

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ZipRecruiter Q2 revenue rises 5%, beats analyst estimates

ZipRecruiter Q2 revenue rises 5%, beats analyst estimates


Overview

  • Online employment marketplace's Q2 revenue grew 5% yr/yr, beating analyst expectations

  • Q2 adjusted EBITDA beat analyst expectations

  • Company repurchased $294.6 mln of senior notes at a $65 mln discount, reducing debt burden


Outlook

  • ZipRecruiter expects continued revenue growth in the third qtr

  • Company sees year-over-year margin expansion in the third qtr

  • ZipRecruiter says it is leveraging AI to improve hiring experience


Result Drivers

  • AI MATCHMAKING - Co said leveraging AI improved active matchmaking and hiring experience for employers and job seekers, per CEO Ian Siegel

  • DEBT REPURCHASE - Co repurchased $294.6 mln of senior unsecured notes at a $65 mln discount, reducing debt burden and preserving cash


Company press release: ID:nBw3yx7Wxa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$118.10 mln

$112.47 mln (5 Analysts)

Q2 Net Income

$43.40 mln

Q2 Adjusted EBITDA

Beat

$14.60 mln

$13.72 mln (5 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "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 $4.00, about 10.9% below its August 4 closing price of $4.49


Reuters Recommended Reads

  • Aug 4 - TrueBlue Q2 adjusted EPS beats estimates as on-demand business returns to growth

  • Aug 4 - Paylocity Q4 adjusted EBITDA beats estimates, forecasts 2027 revenue growth

  • Aug 2 - UK hiring falls but demand for AI skills jumps, job site Indeed says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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