ZipRecruiter, Inc. - ZIP STOCK NEWS

ZipRecruiter, a leading online employment marketplace, will announce its first quarter 2023 financial results on May 9, 2023. The report will cover the period ending March 31, 2023. In conjunction with the earnings announcement, management will host a live conference call at 2:00 PM PT (5:00 PM ET) to discuss financial results and business updates. Interested parties can join via telephonic access or listen to a webcast available on the company's Investor Relations website. A replay will be accessible until May 16, 2023. ZipRecruiter is recognized for its powerful job-matching technology and has been the top-rated job search app for six consecutive years.

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.