Quarterly revenue $210.5 million, down 4% y/y
Full-year revenue $904.6 million, up 22% y/y
ZipRecruiter® announced financial results for the quarter and full year ended December 31, 2022. ZipRecruiter’s complete fourth quarter and full year 2022 results, financial guidance, and management commentary can be found by accessing ZipRecruiter’s shareholder letter on the quarterly results page of the Investor Relations website at investors.ziprecruiter.com.
“2022 was a year of strong, profitable growth for ZipRecruiter. Even amidst a volatile jobs environment we were able to deliver 22% revenue growth, net income margin of 7% and Adjusted EBITDA margin of 20%,” said Ian Siegel, CEO of ZipRecruiter. “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.
While our 2023 revenue guidance is based on the assumption that challenging macroeconomic conditions continue throughout the balance of the year, our 2023 Adjusted EBITDA margin guidance of 24% reflects our ability to navigate dynamic macroeconomic environments while also continuing to invest in our product and matching technology.
We believe that the strength of our brand, nimble business model, and robust balance sheet not only position us well to navigate the current macroenvironment, but also allow ZipRecruiter to emerge as an even stronger company on the other side.”Ian Siegel