ZipRecruiter, Inc.

Hello everyone, thank you for joining us and welcome to the ZipRecruiter, Inc. second quarter 2026 earnings conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Emilio Satori, Head of Investor Relations. Emilio? Please go ahead.

Thank you, operator, and good afternoon. Thank you for joining us on our earnings conference call during which we will discuss ZipRecruiter's performance for the second quarter and the June 30th, 2026, and our guidance for the third quarter of 2026. Joining me on the call today are Ian Siegel, co-founder and CEO 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 quarter ended June 30th, 2026, which is available on our investor website and the SEC's website. The forward-looking statements in this conference call are based on the current expectations as of today, and ZipRecruiter assumes no obligations to update or revise them whether 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 substitute for, or in isolation from, GAAP results. Reconciliations of the non-GAAP metrics to the nearest GAAP metrics are included in the Recruiter Shareholder Letter and in our Form 10-Q. And now, I will turn the call over to Ian.

Thank you. Good afternoon to everyone joining us today. ZipRecruiter's momentum accelerated in the second quarter. We grew revenue by 5% year-over-year to $118.1 million, coming in $6 million above the midpoint of our guidance range. Adjusted EBITDA came in at $14.6 million, representing a 12% margin, which was above the midpoint of our guidance range and above the adjusted EBITDA margin of 8% in Q2 of 25. Additionally, we repurchased $294.6 million of our 5% senior unsecured notes at a $65 million discount to par. That transaction meaningfully reduced our debt burden while leaving our balance sheet strong. We closed the quarter with $174 million in cash and investments, giving us ample capital to fully fund our future growth initiative. Turning to our product momentum, our marketplace continued to improve in Q2, with each innovation focused on the same goal, driving more conversations between employers and job seekers. We believe this real-world, outcomes-based focus is what has been driving our growth. The ongoing rollout of our next generation search and matching engine to all parts of the ZipRecruiter platform increased qualified application volume in Q2 by 34% quarter over quarter. This list in qualified applications paired with our other product improvements doubled the employer response rate per application year over year. Second, We rolled out an option for candidates applying through our Be Seen First feature to record an audio message to accompany their resume, giving job seekers a powerful new way to highlight their personality and stand out. Early data shows that job seekers who record a message saw an 8% lift in response rates from the employer. Third, we launched a new AI feature called Smart Outreach, which enables employers to instantly turn job descriptions into customized multi-step message campaigns sent directly to candidates across our resume database. Smart Outreach automates that initial touchpoint to make hiring faster, easier, and more personal. The volume of conversations happening on ZipRecruiter is accelerating as we use cutting-edge technology to help the right people find one another, connect faster, and achieve better outcomes. Each new interaction enriches our proprietary dataset, making our technology more effective and creating a compounding advantage that improves the experience across both sides of our marketplace. Finally, before I turn the call over to Dave, I want to touch on a major addition to our leadership team. We recently announced that Carmen Chan will be joining us as our new Chief Financial Officer, effective August 17th. Carmen brings a wealth of experience from Barclays, Noom, and Goldman Sachs, and she will be instrumental in driving our long-term financial strategy and operational excellence. Once Carmen assumes the role, Dave will be continuing in his role as president. We are absolutely thrilled to welcome her to the team. And with that, I'll turn the call over to Dave to share some additional business highlights, financial results, and guidance.