ZipRecruiter reported second-quarter revenue of $118.1 million, up 5% year over year and exceeding guidance by about $6 million, while adjusted EBITDA reached $14.6 million for a 12% margin. Net income was $43.4 million, aided by a gain from the discounted repurchase of $294.6 million of senior notes for $229.4 million, retiring more than half of the outstanding debt. Quarterly paid employers grew 7% to over 70,000, though revenue per paid employer dipped 1% to $1,669. Product improvements drove a 34% sequential increase in qualified applications and doubled employer response rates, and the company raised its second-half outlook to low-single-digit revenue growth with third-quarter revenue expected at $121 million at the midpoint.
Ziprecruiter IncQ2 revenue beat guidance, raised outlook, and debt repurchase gain boosted net income.
