Indeed & Ziprecruiter Earnings

One Model, a people analytics software company, announced the successful completion of its growth funding round, securing a $41 million investment led by Riverwood Capital, a leading global investor in high-growth technology companies.

https://hrtechfeed.com/people-analytics-software-raises-41-million/

SeekOut, the Talent Intelligence Platform, announced two new innovations to help recruiters achieve better results. First, the company made SeekOut Assist, GPT-powered recruiting, publicly available to customers following a brief early access period. SeekOut Assist is a new generative AI technology that enables recruiters to go from a job description to initial contact with qualified candidates in a matter of moments.

https://hrtechfeed.com/seekout-announces-general-availability-of-gpt-powered-assist/

Ziprecruiter and indeed both reported earnings, lets start with Zip

Ziprecruiter...

Quarterly revenue $170.4 million, down 29% y/y

Net income of $14.4 million, or net income margin of 8%

Adjusted EBITDA of $43.3 million, or Adjusted EBITDA margin of 25%

https://hrtechfeed.com/ziprecruiter-revenue-down-29-yoy/

Recruit Holdings Co., Ltd. today reported the first quarter financial results for FY2023. This includes the HR Tech Segment comprised of Indeed and Glassdoor.

Revenue for Q1 FY2023 decreased 9.1%. On a US dollar basis, revenue decreased 14.2%. The supply and demand mismatch between job seekers and employers continued to ease, with global labor markets normalizing, particularly in the US.

https://hrtechfeed.com/q1-fy2023-financial-results-newsroom-recruit-holdings/

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