Shares of ZipRecruiter rose $1.98, or 46.2%, to $6.27 at 2:50 p.m. ET Tuesday, from Monday’s close of $4.29, after the online jobs marketplace reported third-quarter results that beat its own forecasts. The results came out after the market closed Monday.
Revenue rose 8% from a year earlier to $124.4 million, above the $118 million to $124 million range the company had forecast in August. Adjusted EBITDA, a measure of operating profit, was $20.8 million, above its forecast of $13 million to $19 million. ZipRecruiter earned $5.1 million, compared with a net loss of $9.8 million a year earlier.
The number of paying employers in the quarter rose 10% to 73,929. For the fourth quarter, the company forecast revenue of $118 million to $122 million and adjusted EBITDA of $16 million to $20 million. It now expects 2026 revenue of $468 million to $472 million.
“In the third quarter, both revenue and Adjusted EBITDA came in above the high end of our guidance range,” Chief Executive Ian Siegel said.
