22 ZipRecruiter Statistics [2023]: Facts, Users, Revenue, And More - Zippia (2024)

Research Summary. With an estimated 10.7 million people across the United States looking for work, ZipRecruiter offers a streamlined and easy-to-use platform to help job seekers find career growth. Today, the platform ranks as one of the best sites for matching employers with quality candidates. After extensive research, our data analysis team concluded:

• ZipRecruiter has 25 million monthly active users.

• ZipRecruiter generated $904.6 million in total revenue in 2022.

• ZipRecruiter’s Q4 2022 revenue was $210.5 million — a 4% year-over-year decrease from Q4 of 2021.

• There are approximately 9 million active jobs posted on ZipRecruiter at a time.

• Job seekers have submitted 430 million applications using ZipRecruiter.

For further analysis, we broke down the data in the following ways:
Company | Employer | Job-Seeker | Trends

ZipRecruiter Quarterly Revenue 2020-2022

General ZipRecruiter Statistics

• ZipRecruiter was founded in 2010 and is headquartered in Santa Monica, California.

• More than 110 million total job seekers have used ZipRecruiter.

• More than 2.8 million total businesses have used ZipRecruiter.

• ZipRecruiter has about 40 million job alert email subscribers.

ZipRecruiter Company Statistics

• As of January 20, 2021, ZipRecruiter’s stock price was valued at $22.24.

  Since ZipRecruiter started trading on May 26, 2021, shares have ranged from $19.32 to $32.00 in value. The company’s IPO, or initial public offering, valued ZipRecruiter at approximately $2.4 billion, with shares trading at $18 apiece.

• ZipRecruiter has 1,750 employees.

  14.3% of whom are graduates from the University of California, Santa Barbara. The internet company ranks in the top 100 best internet companies to work for in America, with employees earning an average annual salary of $69,730 and staying with the company for about 3.7 years.

• ZipRecruiter was initially funded by IVP and Wellington Management Company.

  In 2018, ZipRecruiter investors IVP and Wellington Management Company dished over $156 million in funding, bringing the company’s total funding at the time up to $219 million in just eight years in operation.

• Indeed generates over three times more in total annual revenue than ZipRecruiter.

  Although a close competitor of ZipRecruiter, Indeed generates substantially more money per year than ZipRecruiter does. The most recent numbers show that Indeed generates about $2.9 billion in annual revenue, while ZipRecruiter makes approximately $904.6 million per year.

ZipRecruiter Employer Statistics

• ZipRecruiter’s monthly plans start at $249.

  The online platform offers a variety of monthly pricing plans, including standard, premium, and pro packages, as well as a non-monthly usage plan, which starts at $16 per job posting and is charged once your account reaches $500.

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  The standard monthly package, recommended for businesses filling entry-level roles, costs $249 a month while the premium package, recommended for businesses with semi-urgent hiring needs, comes in at $349 a month, and the pro monthly package, designed for urgent and hard-to-fill roles, costs $599 a month.



• There are more than 31 million resumes on ZipRecruiter’s database.

  The online employment marketplace has 31 million resumes in its database, allowing employers to quickly find high-quality job candidates. ZipRecruiter also relies on artificial intelligence to match job postings with the best candidates on their database.

• 80% of employers are matched with a quality candidate through ZipRecruiter within one day of posting a job.

  According to the online job marketplace, ZipRecruiter postings are distributed to more than 100 online job boards and viewed by millions of candidates via emails and apps every day. Because of this, an estimated 80% of businesses get a quality applicant on ZipRecruiter within the first day of posting a position.

ZipRecruiter Job-Seeker Statistics

• More than 50% of job seekers’ applications are viewed within two days.

  According to ZipRecruiter, most applicants using the job site receive an email within 48 hours of submitting a job application informing them that their application has been viewed by the employer.

• 70% of job seekers access ZipRecruiter using a mobile device.

  According to the online employment marketplace, ZipRecruiter’s mobile app is used by millions of people across the globe and is specially designed to simplify the application process. As per ZipRecruiter, their mobile app is the top-rated job search app on both IOS and Android.



• Job seekers who receive an invite to apply for a specific job are three times more likely to get hired.

  Employers who send job seekers an application invitation via ZipRecruiter receive 2.5 times more candidates than employers who do not send application invitations. Not only is the tool useful for employers, but it also increases an applicant’s chances, making them three times more likely to get hired.

• The job score feature on ZipRecruiter’s app increased job seekers’ applications for jobs that they were a great match for by 26%.

  The feature, which offers feedback on how strong a candidate is for every job they apply to, also increased job seeker’s applications for jobs that they were a good match for by 14% and decreased job seeker’s applications for jobs that they were not a good match for by 47%.

ZipRecruiter Trends and Projections

• ZipRecuiter’s Q4 2022 revenue was 4% lower than Q4 of 2021.

  From a quarterly revenue of $220 million to $210.5 million, ZipRecruiter’s 2022 Q4 didn’t go as well as its 2021 Q4. However, the company’s annual revenue saw a 22% increase, going from $741 million in 2021 to $904.6 million in 2022.



• ZipRecruiter expects to grow by about 5.84% each year through 2024.

  Experts predict that the company will earn $1.2 billion in revenue in 2024, up from its $904.6 million in revenue in 2022.

• Each month, approximately 10,000 businesses join ZipRecruiter to search for candidates for new job opportunities at their companies.

  In addition to gaining 10,000 new business accounts every month, ZipRecruiter estimates that they help facilitate about 250 million interactions with job seekers and employers each year.

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ZipRecruiter FAQ

1. Which is better ZipRecruiter vs Indeed?

   ZipRecruiter and Indeed both have their merits, but ZipRecruiter is better for large companies who hire regularly. This is because ZipRecruiter provides a fixed number of reusable job slots that make it easy for companies to hire for the same types of jobs constantly.

   On the other hand, Indeed is better for smaller companies that are on a budget, as it provides free job postings.

2. How many resumes does ZipRecruiter have?

   ZipRecruiter has a database of over 36 million resumes. Further, these resumes can be specified by location, job title, previous companies, and freshness. This makes it easy for job hunters to find a resume for any context that suits their needs.

3. How does ZipRecruiter make money?

   ZipRecruiter mainly makes money through advertisem*nts and subscriptions. Unlike other job boards, ZipRecruiter offers a surprising number of services to employers and job seekers. Here are all the ways ZipRecruiter makes money outlined:

   • Subscription Plans. This is ZipRecruiter’s main source of income, as businesses and job seekers will pay for things like the number of job ads posted or the number of resumes that can be downloaded per month. Given that these subscriptions start at a minimum of $249 per month, they are very lucrative.

   • ZipAlerts. Many businesses also pay for ZipAlerts. These are pay-per-click (PPC) advertisem*nts that are sent to job hunters via email.

   • White-Label Software. ZipRecruiter also makes money from this software, which can help businesses tailor their experience. Features include things like having access to over 8 million jobs, a dedicated blog, integrating Google Jobs, and receiving customer service.This service is pricey though, starting at $549 per month.

Conclusion

Since its inception in 2010, ZipRecruiter has become one of the most popular and highly regarded job sites. With approximately 25 million active monthly users and 9 million active jobs posted on the site at any given time, it’s no surprise that the company’s mobile app ranks as the top-rated job search app on both IOS and Android.

Over the past decade, an impressive 2.8 million businesses have relied on ZipRecruiter to fill vacancies and strengthen their staff recruitment strategies. An additional 110 million job seekers have used ZipRecruiter during the same period, allowing the company to generate $904.6 million in total revenue last year.

Although the platform is not yet on par with Indeed’s annual earnings, the future looks bright for ZipRecruiter, with revenue growth rates for 2021 expected to exceed those recorded in 2020 by up to 44%.

References

1. ZipRecruiter. “Our Mission: Actively Connecting People To Their Next Great Opportunity.” Accessed on August 24, 2021.

2. Zippia. “Working At ZipRecruiter.” Accessed on August 24, 2021.

3. Market Watch. “ZipRecruiter Inc.” Accessed on August 24, 2021.

4. Investor’s Business Daily. “ZipRecruiter Direct Listing Takes Flight At $2.3 Billion Valuation.” Accessed on August 24, 2021.

5. Yahoo Finance. “ZipRecruiter Raises $156M At $1.5B Valuation To Boost AI-powered Job Searches.” Accessed on August 24, 2021.

6. ZipRecruiter. “Which Plan Is Best For Your Business?” Accessed August 24, 2021.

7. Fit Small Business. “What Is ZipRecruiter: Features, Pricing How It Works.” Accessed on August 24, 2021.

8. ZipRecruiter. “ZipRecruiter Launches Job Seeker Profiles, Enabling Smarter Job Matches For Millions Of Mobile App Users.” Accessed on August 24, 2021.

9. ZipRecruiter. “ZipRecruiter’s ‘Invite To Apply’ Generated 2.5 Times As Many Candidates Per Job.” Accessed on August 24, 2021.

10. ZipRecruiter. “ZipRecruiter Now Tells Job Seekers How Strong A Match They Are For Every Job.” Accessed on August 24, 2021.

11. Owler. “Indeed’s Revenue.” Accessed on August 24, 2021.

12. LA Biz. “Growth Spurt Pushes ZipRecruiter Into Bigger Digs.” Accessed on August 24, 2021.

13. ZipRecruiter. “Quarterly Results.” Accessed on March 2, 2023.

14. WallStreetZen. “ZipRecruiter Inc. Stock Forecast, Predictions, and Price Target.” Accessed on March 2, 2023.