ZipRecruiter Announces First Quarter 2022 Results
11 Mai 2022 - 10:05PM
Business Wire
Quarterly revenue increased to $227 million, up
81% y/y
Strong performance and robust demand for
ZipRecruiter’s marketplace enables Company to raise full-year
guidance.
ZipRecruiter®, a leading online employment marketplace, today
announced financial results for the quarter ended March 31, 2022.
ZipRecruiter’s complete first quarter 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.
“ZipRecruiter delivered another strong quarter of growth and
profitability. Employer demand for talent remains strong and the
team continues to execute against our mission of actively
connecting people to their next great opportunity,” said Ian
Siegel, CEO of ZipRecruiter. “Our long-term investments in
technology and brand continue to pay off, and we’re pleased to
raise our full year 2022 guidance, which calls for continued
profitable growth in the coming year,” said Mr. Siegel.
Conference Call Details
ZipRecruiter will host a conference call today, May 11, 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 An archived version will be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
until Wednesday, May 18, 2022. Investors and analysts can
participate in the conference call by dialing +1 (888) 440-4199, or
+1 (646) 960-0818 for callers outside the United States, and
mention the passcode, “ZipRecruiter” or by referencing conference
ID "9351892”. To listen to the telephonic replay please dial +1
(800) 770-2030 or +1 (647) 362-9199 for callers outside the United
States and enter replay code “9351892”.
Forward-Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this press release that do not relate
to matters of historical fact should be considered forward-looking
statements, including 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. 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 compete with well-established competitors
and new entrants; our ability to achieve and/or maintain
profitability; our ability to maintain, protect and enhance our
brand and intellectual property; 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 the 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 reliance on Amazon Web Services; our ability to
mitigate payment and fraud risks; our dependence on our senior
management and our ability to attract and retain new talent; and
the other important factors discussed under the caption “Risk
Factors” in our Annual Report on Form 10-K for the twelve months
ended December 31, 2021 that we filed with the U.S. Securities and
Exchange Commission (“SEC”) and our Quarterly Report on Form 10-Q
for the three months ended March 31, 2022 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 five years1 and is rated the #1 employment job
site by G2.2
1 Based on job seeker app ratings, during the period of January
2017 to January 2022 from AppFollow for ZipRecruiter,
CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. 2 Based on
G2 satisfaction ratings as of January 1, 2022.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220511005883/en/
Investors: Alex Wellins The Blueshirt Group, for ZipRecruiter
ir@ziprecruiter.com
Corporate Communications: Julia Pollak Chief Economist,
ZipRecruiter press@ziprecruiter.com
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