ZipRecruiter, Inc. (NYSE:ZIP) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET
Company Participants
Amy Garefis - Chief Accounting Officer
Ian Siegel - Co-Founder and Chief Executive Officer
David Travers - President
Tim Yarbrough - Chief Financial Officer
Conference Call Participants
Trevor Young - Barclays
Ralph Schackart - William Blair
Doug Anmuth - JPMorgan
Eric Sheridan - Goldman Sachs
Mark Mahaney - Evercore
Operator
Good afternoon, ladies and gentlemen and welcome to the ZipRecruiter Q3 2022 Earnings Conference Call. [Operator Instructions] And now at this time, I’ll turn things over to Amy Garefis, Chief Accounting Officer. Please go ahead, ma’am.
Amy Garefis
Thank you, operator, and good afternoon. Thank you for joining us in our earnings conference call during which we will discuss ZipRecruiter’s performance for the quarter ended September 30, 2022 and guidance for the fourth quarter and full year of 2022. Joining me on the call today are Ian Siegel, Co-Founder and CEO; David Travers, President; and Tim Yarbrough, CFO.
Before we begin, please be reminded that forward-looking statements made today are subject to risks and uncertainties relating to future events and/or the future financial performance of ZipRecruiter. Actual results could differ materially from those anticipated in these forward-looking statements. A discussion of some of the risk factors that could cause actual results to differ materially from any forward-looking statements can be found in ZipRecruiter’s quarterly report on Form 10-Q for the 3 months ended September 30, 2022, which is available on our investor website and the SEC’s website. And forward-looking statements in this conference call are based on the current expectations as of today, and ZipRecruiter assumes no obligation to update or revise them, whether as a result of new developments or otherwise.
In addition, during today’s call, we will discuss non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from GAAP results. Reconciliations of the non-GAAP measures to the nearest GAAP metric are included in ZipRecruiter’s shareholder letter and in our Form 10-Q.
And now, I will turn it over to Ian.
Ian Siegel
Thank you, Amy, and good afternoon to everyone joining us today. Q3 ‘22 marked another strong quarter for ZipRecruiter. At $227 million, revenue exceeded the high end of our quarterly guidance, representing an increase of 7% from Q3 ‘21. Adjusted EBITDA of $52 million was also above the high end of our guidance range. This equates to an adjusted EBITDA margin of 23%, which was 3 percentage points higher than Q3 in the prior year.