ZipRecruiter Announces Second Quarter 2021 Results
13 August 2021 - 6:05AM
Business Wire
Quarterly revenue increased to $183 million, up
109% y/y.
Company expects a robust hiring environment to
drive strong growth in the second half of 2021.
ZipRecruiter®, a leading online employment marketplace, today
announced financial results for the quarter ended June 30, 2021.
ZipRecruiter’s complete second quarter financial results, financial
guidance and management commentary can be found by accessing the
Company’s shareholder letter on the quarterly results page of the
investor relations website at investors.ziprecruiter.com.
“ZipRecruiter delivered record revenue in Q2, our first quarter
as a public company. We are seeing high levels of activity on both
sides of our marketplace and ZipRecruiter is helping America get
back to work by actively connecting people to their next great
opportunity. Our guidance calls for robust growth in 2021 and we
believe that we are still in the very early stages of our long-term
growth opportunity,” said Ian Siegel, CEO of ZipRecruiter.
Conference Call Details
ZipRecruiter will host a conference call today, August 12 at
2:00 p.m. Pacific Time to discuss its financial results. A live
webcast of the call can be accessed from ZipRecruiter’s Investor
Relations website at investors.ziprecruiter.com. An archived
version will be available on the website two hours after the
completion of the call. Investors and analysts can participate in
the conference call by dialing +1 (833) 979-2842, or +1 (236)
714-2904 for callers outside the United States, and mention the
passcode, “ZipRecruiter” or by referencing conference ID "5938228”.
A telephonic replay of the conference call will be available until
Thursday, August 19, 2021, beginning two hours after the end of the
conference call. To listen to the replay please dial +1 (800)
585-8367 or +1 (416) 621-4642 for callers outside the United States
and enter replay code “5938228”.
Forward Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, including statements regarding
the timing for expected trading of its Class A common stock,
ZipRecruiter’s beliefs regarding job growth during a
once-in-a-lifetime reopening of the economy, ZipRecruiter’s
positioning to take advantage of such opportunity, the belief that
ZipRecruiter can help get people back to work, and the early stages
of growth opportunity, and other statements that reflect
ZipRecruiter’s current expectations and projections with respect
to, among other things, its financial condition, results of
operations, plans, objectives, future performance, and business.
These statements may be preceded by, followed by or include the
words "aim," "anticipate," "believe," "estimate," "expect,"
"forecast," "intend," "likely," "outlook," "plan," "potential,"
"project," "projection," "seek," "can," "could," "may," "should,"
"would," "will," the negatives thereof and other words and terms of
similar meaning. Forward-looking statements include all statements
that are not historical facts. Such forward-looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements, including our ability to attract and retain employers
and job seekers; our ability to achieve profitability; our ability
to maintain and enhance our brand; our dependence on macroeconomic
factors; our ability to maintain and improve the quality of our
platform; our dependence on the interoperability of our platform
with mobile operating systems that we do not control; our ability
to successfully implement our business plan during a global
economic downturn caused by COVID-19 pandemic that may impact the
demand for our services or have a material adverse impact on our
and our business partners’ financial condition and results of
operations; our ability and the ability of third parties to protect
our users’ personal or other data from a security breach and to
comply with laws and regulations relating to consumer data privacy
and data protection; our ability to detect errors, defects or
disruptions in our platform; our ability to comply with the terms
of underlying licenses of open source software components on our
platform; our ability to expand into markets outside the United
States; our ability to achieve desired operating margins; our
compliance with a wide variety of U.S. and international laws and
regulations; our ability to protect our intellectual property
rights and to successfully halt the operations of copycat websites
or misappropriation of data; our reliance on Amazon Web Services;
our ability to mitigate payment and fraud risks; our dependence on
relationships with payment partners, banks and disbursement
partners; our dependence on our senior management and our ability
to attract new talent; and the other important factors discussed
under the caption “Risk Factors” in our Registration Statement on
Form S-1/A on April 30, 2021 with the U.S. Securities and Exchange
Commission (“SEC”) and our Quarterly Report on Form 10-Q for the
three and six months ended June 30, 2021 that we will file with the
SEC. There is no assurance that any forward-looking statements will
materialize. You are cautioned not to place undue reliance on
forward-looking statements, which reflect expectations only as of
this date. ZipRecruiter does not undertake any obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
ABOUT ZIPRECRUITER
ZipRecruiter® (www.ziprecruiter.com) is a leading online
employment marketplace that actively connects people to their next
great opportunity. ZipRecruiter’s powerful matching technology
improves the job search experience for job seekers and helps
businesses of all sizes find and hire the right candidates quickly.
ZipRecruiter has been the #1 rated job search app on iOS &
Android for the past four years1 and is rated the #1 employment
marketplace by G2.2
1 Based on ratings information for the Google Play Store and
Apple App Store from the AppFollow platform, during the period of
March 2017 to Feb 2021 for the job seeker apps of ZipRecruiter,
CareerBuilder, Craigslist, Glassdoor, Indeed, LinkedIn, and
Monster.
2 Based on G2 satisfaction ratings as set forth in G2, Best Job
Boards Software,
https://www.g2.com/categories/job-boards?utf8=%E2%9C%93&order=top_shelf
(last visited January 25, 2021).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210812005720/en/
Investors: Alex Wellins The BlueShirt Group, for ZipRecruiter
ir@ziprecruiter.com
Corporate Communications: Shauna Wynne Public Relations Manager,
ZipRecruiter press@ziprecruiter.com
ZipRecruiter (NYSE:ZIP)
Historical Stock Chart
From Apr 2024 to May 2024
ZipRecruiter (NYSE:ZIP)
Historical Stock Chart
From May 2023 to May 2024