May. 8 at 8:30 PM
$ZIP ZipRecruiter reports Q1 EPS (13c), consensus 1c
Reports Q1 revenue
$110.1M, consensus
$109.1M. "Q1'25 revenue of
$110.1 million came in above the midpoint of our guidance, though was down 10% year-over-year and down 1% versus Q4'24. However, the sequential revenue decline represents a more typical seasonal cadence as employers resume their hiring campaigns after the holiday slowdown, versus the sequential declines of 13% and 10% in Q1'23 and Q1'24, respectively," said Ian Siegel, CEO of ZipRecruiter. "We started the year with cautious optimism.
However, we now see employers adopting a 'wait-and-see' attitude, reflecting widespread uncertainty in the near-term U.S. economy. While we have yet to see a sharp pull back from employer hiring, we also are not seeing an acceleration in hiring activity as we enter the second quarter. Regardless of the macroeconomic environment, ZipRecruiter continues to invest strategically in product and technology initiatives. Driving even greater engagement between both sides of our marketplace is key to connecting people to their next great opportunity, and we believe we are poised for outsized growth when hiring activity rebounds."
