ZIPRECRUITER, INC. Q2 FY26 Results

ZipRecruiter’s momentum accelerated in the second quarter, with revenue growing 5% year-over-year and coming in $6 million above the midpoint of guidance. We believe these results demonstrate that our differentiated approach is resonating. We are leveraging AI to strengthen our active matchmaking and improve the hiring experience by driving more direct, meaningful conversations between employers and job seekers. During the quarter, we also opportunistically repurchased $294.6 million of senior unsecured notes at a $65 million discount to par value, meaningfully reducing our debt burden, while preserving a strong cash balance, and enhancing our operational flexibility. With third-quarter guidance calling for continued revenue growth and year-over-year margin expansion, we believe we are poised to take market share and win in the AI era. To Our Shareholders ZipRecruiter’s momentum accelerated in the second quarter, growing revenue 5% year-over-year to $118.1 million, which was $6 million above the midpoint of our guidance range. Net income in the second quarter was $43.4 million, equating to a net income margin of 37%. Adjusted EBITDA was $14.6 million, or a margin of 12%, which was above the midpoint of our guidance range and above the Adjusted EBITDA margin of 8% in Q2’25. Additionally, in Q2, we repurchased $294.6 million of our 5% senior unsecured notes at a discount of approximately $65 million to par. That transaction meaningfully reduced our debt burden while allowing us to maintain $174 million in cash and investments, and emerge with enough capital to fully fund future growth initiatives. At ZipRecruiter, our focus is on increasing conversations between employers and job seekers. We believe it is this real world, outcomes-based approach that has been fueling our growth. A number of product improvements in Q2 drove up conversations: Next Gen Search delivered a step function increase in quality applications: Over the course of Q2, we continued the deployment of our next generation search and matching engine. The new engine dramatically improves our ability to assess whether a job seeker is qualified for an open role. Qualified applications in Q2 increased 34% quarter-over-quarter. This lift in qualified applications, paired with our other product improvements, doubled the employer response-rate per application year-over-year. This increases our conviction that delivering more qualified applications leads to more conversations between employers and job seekers. Audio messages enable candidates to showcase their soft skills: In Q2, we enabled candidates applying through “Be Seen First” to record an audio message to submit to employers along with their resume. These audio messages allow the candidates to showcase their soft skills and personality as an additional way to stand out. Early data shows that candidates utilizing audio messages saw an 8% increase in the rate of getting a response. Automated candidate outreach makes using ZipRecruiter even more efficient: Our new AI feature, “Smart Outreach,” minimizes manual recruiting legwork so hiring teams can connect with the right talent fast. In Q2, this tool enabled employers to instantly turn job descriptions into customized, multi-step message campaigns sent directly to candidates in our Resume Database of over 50 million job seekers1. Recognizing that over 80% of candidates prefer proactive outreach, this tool automates the initial connection to make the hiring process faster, easier, and more personal. We delivered these marketplace improvements and strong Q2 results in what continues to be a subdued labor market. Hires and quits remained stable versus Q1, but overall, still near their lowest levels since 20152. We believe it is our execution driving our performance. The volume of connections happening on ZipRecruiter is accelerating, increasing satisfaction for both sides of our marketplace. We look forward to sharing more progress with you in the quarters ahead.

ZipRecruiter’s momentum accelerated in the second quarter, growing revenue 5% year-over-year to $118.1 million, which was $6 million above the midpoint of our guidance range. Net income in the second quarter was $43.4 million, equating to a net income margin of 37%. Adjusted EBITDA was $14.6 million, or a margin of 12%, which was above the midpoint of our guidance range and above the Adjusted EBITDA margin of 8% in Q2’25. Additionally, in Q2, we repurchased $294.6 million of our 5% senior unsecured notes at a discount of approximately $65 million to par. That transaction meaningfully reduced our debt burden while allowing us to maintain $174 million in cash and investments, and emerge with enough capital to fully fund future growth initiatives. At ZipRecruiter, our focus is on increasing conversations between employers and job seekers. We believe it is this real world, outcomes-based approach that has been fueling our growth. A number of product improvements in Q2 drove up conversations: Next Gen Search delivered a step function increase in quality applications: Over the course of Q2, we continued the deployment of our next generation search and matching engine. The new engine dramatically improves our ability to assess whether a job seeker is qualified for an open role. Qualified applications in Q2 increased 34% quarter-over-quarter. This lift in qualified applications, paired with our other product improvements, doubled the employer response-rate per application year-over-year. This increases our conviction that delivering more qualified applications leads to more conversations between employers and job seekers. Audio messages enable candidates to showcase their soft skills: In Q2, we enabled candidates applying through “Be Seen First” to record an audio message to submit to employers along with their resume. These audio messages allow the candidates to showcase their soft skills and personality as an additional way to stand out. Early data shows that candidates utilizing audio messages saw an 8% increase in the rate of getting a response. Automated candidate outreach makes using ZipRecruiter even more efficient: Our new AI feature, “Smart Outreach,” minimizes manual recruiting legwork so hiring teams can connect with the right talent fast. In Q2, this tool enabled employers to instantly turn job descriptions into customized, multi-step message campaigns sent directly to candidates in our Resume Database of over 50 million job seekers1. Recognizing that over 80% of candidates prefer proactive outreach, this tool automates the initial connection to make the hiring process faster, easier, and more personal. We delivered these marketplace improvements and strong Q2 results in what continues to be a subdued labor market. Hires and quits remained stable versus Q1, but overall, still near their lowest levels since 20152. We believe it is our execution driving our performance. The volume of connections happening on ZipRecruiter is accelerating, increasing satisfaction for both sides of our marketplace. We look forward to sharing more progress with you in the quarters ahead.