ZipRecruiter Third Quarter 2024 Earnings: Beats Expectations

ZipRecruiter (NYSE:ZIP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$117.1m (down 25% from 3Q 2023).
• Net loss: US$2.57m (down by 111% from US$24.1m profit in 3Q 2023).
• US$0.026 loss per share (down from US$0.24 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ZipRecruiter Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 71%.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 20% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for ZipRecruiter (of which 2 can't be ignored!) you should know about.

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