Q1 2025 Ziprecruiter Inc Earnings Call Transcript
Key Points
- ZipRecruiter Inc (ZIP) reported a 10% sequential increase in quarterly paid employers, marking the highest Q4 to Q1 growth since 2021.
- The company achieved Workday-certified integration status, enhancing its reach among top enterprise companies.
- ZipRecruiter's new features, such as ZipIntro and next-generation resume database improvements, are driving increased employer engagement.
- The company has a robust balance sheet with $468 million in cash, cash equivalents, and marketable securities, providing financial flexibility.
- ZipRecruiter Inc (ZIP) is poised for growth with strategic investments in technology and product development, preparing for a labor market recovery.
- Q1 2025 revenue of $110 million represents a 10% year-over-year decline.
- Net loss increased to $12.8 million in Q1 2025, compared to $6.5 million in Q1 2024.
- Adjusted EBITDA margin decreased to 5% in Q1 2025 from 17% in Q1 2024.
- Revenue per paid employer decreased by 10% sequentially, reflecting seasonal patterns.
- The macroeconomic uncertainty is causing a cautious outlook, with no acceleration in hiring activity observed as of Q2 2025.
Good afternoon and thank you for standing by. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the ZipRecruiter Inc. first-quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the conference over to Emilio Sartori, VP of Finance and Investor Relations. Please go ahead.
Thank you, operator, and good afternoon. Thank you for joining us in our earnings conference call during which we will discuss ZipRecruiter's performance for the quarter ended March 31, 2025, and guidance for the second quarter of 2025. Joining me on the call today are Ian Siegel, co-founder and CEO; David Travers, President; and Tim Yarbrough, CFO.
Before we begin, please be reminded that forward-looking statements made today are subject to risks and uncertainties relating to future events and/or the future financial performance of ZipRecruiter. Actual results could differ materially from those
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