ZipRecruiter, Inc. reported a revenue of $115.0 million for the third quarter of 2025, a decrease of 2% from $117.1 million in the same period last year. For the nine months ending September 30, 2025, total revenue was $337.3 million, down 7% from $363.0 million in the prior year. The company experienced a net loss of $9.8 million for the quarter, compared to a loss of $2.6 million in Q3 2024, and a net loss of $32.2 million for the nine-month period, significantly higher than the $2.1 million loss reported in the same timeframe last year. The decline in revenue was attributed to a decrease in subscription revenue, which fell by 4% year-over-year, while performance-based revenue saw a slight increase of 5%.
In terms of operational metrics, ZipRecruiter reported a total of 66,959 paid employers in the third quarter of 2025, reflecting a 1% increase from the previous quarter. However, the revenue per paid employer decreased to $1,717, indicating a lower average revenue generated from each employer. The company’s Adjusted EBITDA for the third quarter was $9.2 million, down from $15.0 million in the prior year, resulting in an Adjusted EBITDA margin of 8%, compared to 13% in Q3 2024.
Strategically, ZipRecruiter completed the acquisition of Breakroom, a UK-based employee review platform, for $13.3 million in July 2024. This acquisition is expected to enhance ZipRecruiter's offerings in the employment market. The company has also been investing in its marketplace technology and expanding its employer and job seeker engagement, which is crucial for future growth. As of September 30, 2025, ZipRecruiter had cash, cash equivalents, and marketable securities totaling $411.0 million, along with $287.4 million available under its credit facility.
Looking ahead, ZipRecruiter anticipates continued challenges in the labor market, which may impact hiring levels and demand for its services. The company plans to maintain its focus on enhancing its technology and expanding its market presence, despite the current economic uncertainties. Management remains cautious about future performance, emphasizing the need to adapt to changing market conditions and consumer behavior.
About ZIPRECRUITER, INC.
ZipRecruiter, Inc. operates a two-sided online marketplace connecting job seekers and employers. Using AI-driven matching technology and extensive data, it simplifies job searching and recruitment across diverse industries. The platform offers personalized job recommendations, streamlined application processes, and broad distribution channels, providing efficient access to quality candidates and job opportunities for a global customer base.
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