ZIPRECRUITER Reports Second Quarter Earnings of FY2023 on August 8, 2023

🌥️Earnings Overview

On August 8, 2023, ZIPRECRUITER ($NYSE:ZIP) released their earnings results for the second quarter of FY2023 (ending June 30, 2023). The company saw total revenue decrease by 29.0% compared to the same quarter last year, totalling USD 170.4 million; however, net income was up 9.7% year over year at USD 14.4 million.

Stock Price

On Tuesday, August 8th, 2023, ZIPRECRUITER reported its second quarter earnings for FY2023. ZIPRECRUITER stock opened the day at $16.9 and ended the day at $17.4, recording a 1.9% increase from its last closing price of $17.1. This was a positive sign for investors, as it showed that the company was continuing to grow even during challenging economic times. The financial report showed that ZIPRECRUITER had a strong quarter, with most of its services doing well.

Additionally, the company saw an increase in customer satisfaction ratings, which further proves that the company is dedicated to providing quality service to its clients. Overall, ZIPRECRUITER had a successful second quarter and is looking forward to the rest of FY2023. The company will continue to focus on providing quality services to its customers and remains confident in its ability to make profits and grow in the coming years. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ziprecruiter. ZIPRECRUITER_Reports_Second_Quarter_Earnings_of_FY2023_on_August_8_2023″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ziprecruiter. ZIPRECRUITER_Reports_Second_Quarter_Earnings_of_FY2023_on_August_8_2023″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ziprecruiter. ZIPRECRUITER_Reports_Second_Quarter_Earnings_of_FY2023_on_August_8_2023″>More…

Key Ratios Snapshot

Some of the financial key ratios for Ziprecruiter are shown below. ZIPRECRUITER_Reports_Second_Quarter_Earnings_of_FY2023_on_August_8_2023″>More…

Analysis

At GoodWhale, we recently conducted an analysis of ZipRecruiter’s fundamentals. We used a Star Chart to classify the company as a ‘Rhino’, which is a type of company that typically has achieved moderate revenue or earnings growth. Generally, these companies are attractive to investors who are looking for strong growth potential, but also want some stability and risk mitigation. ZipRecruiter scored highly in several areas. It has strong growth and profitability and is ranked as medium in terms of assets. It received a weak score in dividend, which suggests that investors should not expect a high return from this company. However, it had a very high health score of 8/10 with regard to its cashflows and debt, which indicates that ZipRecruiter is capable of paying off debt and funding future operations. ZIPRECRUITER_Reports_Second_Quarter_Earnings_of_FY2023_on_August_8_2023″>More…

Peers

Its competitors include CrowdWorks Inc, Bengo4.com Inc, and Seek Ltd.

– CrowdWorks Inc ($TSE:3900)

CrowdWorks Inc is a Japanese crowdsourcing company headquartered in Tokyo. It was founded in 2009, and its platforms enable businesses to outsource tasks to a global network of online workers. The company has a market cap of 26.75B as of 2022 and a return on equity of 14.96%.

– Bengo4.com Inc ($TSE:6027)

Bengo4.com Inc is a leading e-commerce company that operates in more than 100 countries. The company has a market capitalization of $65.12 billion as of 2022 and a return on equity of 27.14%. Bengo4.com Inc is a publicly traded company listed on the Nasdaq Stock Market.

– Seek Ltd ($ASX:SEK)

Seek is an online employment marketplace. The company connects people with opportunities, helping them to find jobs, grow their careers and businesses, and improve their lives. Seek has a market cap of 7.38B as of 2022, a Return on Equity of 13.28%. The company helps people to find jobs, grow their careers and businesses, and improve their lives.

Summary

The investment analysis of ZIPRECRUITER reveals a mixed picture in their second quarter of FY2023. Total revenue decreased by 29.0% on year-over-year basis, but net income was up 9.7% at USD 14.4 million. Despite the decrease in revenue, this is still an impressive performance due to the tough economic environment brought on by the global pandemic. Investors should keep a close eye on ZIPRECRUITER’s future performance as the company continues to focus on innovative offerings to compete in the job marketplace.