ZipRecruiter, Inc. (NYSE:ZIP) Q2 2022 Earnings Conference Call August 15, 2022 5:00 PM ET

Company Participants

Amy Garefis - CAO

Ian Siegel - Co-Founder and CEO

Tim Yarbrough - CFO

David Travers - President

Conference Call Participants

Aaron Kessler - Raymond James.

Eric Sheridan - Goldman Sachs

Ralph Schackart - William Blair

Operator

Good day and welcome everyone to the ZipRecruiter, Inc. Second Quarter 2022 Earnings Call. Today's call is being recorded. All line have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator instructions]

I would now like to turn the conference over to Amy Garefis, Chief Accounting Officer. Please go ahead.

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 June 30, 2022, and guidance for the third quarter and full year 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 three months ended June 30, 2022, which is available on our Investor website and the SEC's website.

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 substitution for, or in isolation from, GAAP results. Reconciliations of the non-GAAP metrics to the nearest GAAP metrics are included in ZipRecruiter shareholder letter and in our Form 10-Q.

And now, I will turn the call over to Ian.

Ian Siegel

Thank you, Amy, and good afternoon to everyone joining us today. Q2 2022 was another exceptionally strong quarter for ZipRecruiter. We generated a record $240 million in revenue, up 31% over the second quarter of 2021. We posted adjusted EBITDA of $45 million for an adjusted EBITDA margin of 19%. These results are once again above the guidance provided for both revenue and adjusted EBITDA and demonstrate strong profitability even as we continue to make significant investments in our marketplace.