- The stock price of ZipRecruiter Inc (NYSE: ZIP) increased by over 12% pre-market. This is why it happened.
The stock price of ZipRecruiter Inc (NYSE: ZIP) increased by over 12% pre-market. Investors are responding to the company’s second-quarter 2021 results.
These are the highlights:
— Generated $183 million in revenue, up 109% y/y and $23 million above the guidance provided in May prior to the direct listing.
— The revenue in Q2’21 represented a record high for ZipRecruiter and reflects the team’s strong execution of their long-term strategy: more jobs, more job seekers, and highly-effective matching technology to bring the two sides of their marketplace together.
— The company posted a net loss of $(52.8) million and an Adjusted EBITDA loss of $(1.7) million, equating to a net margin of (29)% and an Adjusted EBITDA margin of (1)%.
— This exceeds the Adjusted EBITDA guidance they provided in May while still making significant long-term investments in building their marketplace.
— Both the net loss and Adjusted EBITDA for the quarter included $31.9 million in non-recurring expenses related to their direct listing.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.