Ziprecruiter Inc - ZIP STOCK NEWS

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.

ZipRecruiter has launched SchoolJobsNearMe.org, an online portal aimed at addressing the nationwide shortage of teachers and school staff. This initiative aligns with President Biden’s call for action in education. The portal features over 120,000 job listings in K-12 education, allowing job seekers to find roles by various criteria. ZipRecruiter aims to enhance its services to attract high-quality professionals into the education sector, responding to a reported loss of 299,000 positions in public schools since the pandemic.

ZipRecruiter, a leading online employment marketplace, has announced its participation in key investor conferences. The company will present at the Evercore ISI 2nd Annual Technology Conference on September 7, 2022, followed by the Citi Global Technology Conference on September 8, 2022, and the Goldman Sachs Communacopia + Technology Conference on September 15, 2022. Each conference presentation will be available via live webcast. ZipRecruiter is recognized for its powerful job matching technology and has consistently been the top-rated job search app on iOS and Android for five years.

ZipRecruiter reported a 31% year-over-year increase in quarterly revenue, reaching $239.9 million. The company has adjusted its revenue guidance for 2022 to between $883 million and $897 million, reflecting a 20% growth over 2021. Additionally, the adjusted EBITDA guidance is raised to $163 million to $177 million, representing a margin of 19%. Despite strong results, CEO Ian Siegel noted signs of a cooling hiring environment in June 2022, prompting a cautious outlook.