Ziprecruiter slides after weak FY23 revenue forecast

ZipRecruiter

21/02/2023 21:54

** Shares of online employment marketplace Ziprecruiter Inc
 ZIP.N  down ~12% at $20.50 in extended trade
    ** Co expects FY23 rev. between $770 mln and $790 mln,
compared with Refinitiv IBES est. of $934 mln
    ** "In the first few weeks of 2023, employers have moderated
their hiring plans and reduced recruitment budgets in response
to an increasingly uncertain macroeconomic backdrop," - Ian
Siegel, CEO
    ** ZIP's shares lost ~34% in 2022
 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))