ZipRecruiter, Inc. - ZIP STOCK NEWS

ZipRecruiter, a top online employment marketplace, is set to present at the KeyBanc Emerging Technology Summit on March 7, 2023. The presentation will begin at 2:00 PM ET and will be available for live webcasting. This follows ZipRecruiter's recognition as the #1 rated job search app on iOS and Android for six consecutive years. The company utilizes advanced matching technology to streamline the job search process, benefiting both job seekers and employers. For more details, the webcast will be accessible at investors.ziprecruiter.com.

ZipRecruiter reported $210.5 million in quarterly revenue, marking a 4% decrease year-over-year. However, full-year revenue stood at $904.6 million, reflecting a 22% increase year-over-year. The company achieved a full-year net income of $61.5 million with a 7% net income margin and an Adjusted EBITDA of $184.9 million, resulting in a 20% Adjusted EBITDA margin. Looking ahead, ZipRecruiter anticipates continuing challenges in the hiring market due to economic uncertainty but aims for a 2023 Adjusted EBITDA margin of 24%.

ZipRecruiter has partnered with Marvel Studios for co-branded content ahead of the release of Ant-Man and The Wasp: Quantumania on February 17. The collaboration features three commercials highlighting ZipRecruiter's matching technology, showcasing a character who finds her dream job using their platform. This marks ZipRecruiter’s first collaboration with Marvel, aiming to connect more job seekers with opportunities. The ads will be broadcast across various platforms, including TV and digital. ZipRecruiter has been the #1 rated job search app for five consecutive years and is recognized for its effective matching technology.

ZipRecruiter® has announced it will report its fourth quarter and full year 2022 financial results on February 21, 2023. The conference call will take place at 2:00pm PT (5:00pm ET), allowing management to discuss the company’s performance. Investors can access the live call by dialing (888) 440-4199 or (646) 960-0818, and the Conference ID is 9351892. A telephonic replay will be available until February 28, 2023. ZipRecruiter is noted for its leading job search app, rated #1 on both iOS and Android platforms for the last six years.

ZipRecruiter has announced a $50 million accelerated share repurchase (ASR) agreement with Wells Fargo to buy back shares of its common stock. The initial payment will provide approximately 2.6 million shares, with the final number to be determined by the stock's average price. This ASR is part of a broader $450 million share repurchase program, of which $160.7 million remains for future purchases. ZipRecruiter maintains confidence in generating strong cash flow, viewing the repurchase as a strategic investment in undervalued equity.

ZipRecruiter, a premier online employment marketplace, has announced its participation in several upcoming investor conferences. The events include the Wells Fargo 6th Annual TMT Summit on November 30, 2022, featuring one-on-one investor meetings. Additionally, ZipRecruiter will present at the Raymond James 2022 Technology Investors Conference on December 6, 2022, and the Barclays Global Technology, Media, and Telecommunications Conference on December 7, 2022, both of which will be webcast live. Investors can access the webcasts on the company's investor relations website.

ZipRecruiter reported $227.0 million in quarterly revenue, marking a 7% year-over-year increase. The company has raised its revenue guidance for the full year to a range of $897 million to $903 million, expecting a 21% growth. Additionally, Adjusted EBITDA guidance has been increased to between $173 million and $179 million, achieving a 20% margin. To bolster shareholder value, ZipRecruiter announced a $200 million increase to its share repurchase program.

ZipRecruiter® will announce its third quarter 2022 financial results on November 9, 2022, with a conference call scheduled for 2:00 PM PT (5:00 PM ET). The call aims to discuss the business performance and financial results for the period ending September 30, 2022. Investors can participate via call or a live webcast through the company's investor relations website. A replay of the call will be accessible until November 16, 2022.

ZipRecruiter has released a report revealing that nearly two-thirds of job seekers prefer remote work, even considering pay cuts for the opportunity. The research indicates over 60% of seekers prioritize remote roles, with young workers willing to sacrifice up to 18% of their salary. Commuting costs have surpassed health concerns as the primary motivation for remote work, affecting job searches. The report emphasizes the immense potential for remote roles across various industries, especially technology, where currently only 30% of jobs are advertised as remote.