ZipRecruiter partners with Chase as exclusive hiring resource for new business card

SANTA MONICA - ZipRecruiter (NYSE:ZIP), the employment marketplace currently valued at $420 million with impressive gross profit margins of 89.5%, has formed a partnership with Chase to serve as the exclusive hiring partner for the new Chase Sapphire Reserve for Business card, according to a press release statement issued Thursday. According to InvestingPro data, the company maintains strong liquidity with current assets significantly exceeding short-term obligations.

The partnership will provide cardmembers with access to ZipRecruiter’s matching technology, distribution to over 100 job boards, and up to $400 in annual hiring credit to find talent. Business owners can activate the offer without additional signup requirements, with statement credits automatically applied when using their Chase card for qualifying ZipRecruiter purchases.

The annual credit is structured as up to $200 in statement credits from January through June and up to $200 from July through December, available through December 31, 2027.

"Speed and efficiency in hiring can make the difference between capturing a great employee and losing them to a competitor," said Ian Siegel, ZipRecruiter Co-Founder and CEO.

The partnership aims to address common hiring challenges faced by small and medium-sized businesses, including finding quality candidates, attracting sufficient applicants, and competing against well-known companies for talent.

ZipRecruiter, which describes itself as a leading online employment marketplace, has been rated the top job search app on iOS and Android for the past eight years, according to the company.

The Chase Sapphire Reserve for Business card is a new offering from Chase’s business services division. Cardmembers can learn more about the partnership benefits at chase.com/ReserveBusiness. For investors interested in a deeper analysis of ZipRecruiter’s financial health and growth prospects, InvestingPro offers comprehensive research reports with additional insights and metrics, including 8 more exclusive ProTips about the company’s performance and outlook.

In other recent news, ZipRecruiter reported its first-quarter 2025 earnings, revealing a decline in revenue and a larger net loss compared to the previous year. Despite the revenue surpassing forecasts, investor concerns about the company’s financial performance were evident. Analysts at Goldman Sachs adjusted their outlook on ZipRecruiter, lowering the 12-month price target from $8.00 to $7.00 while maintaining a Neutral stock rating. This adjustment follows the company’s earnings release, where revenue and adjusted EBITDA narrowly met the upper end of guidance. Moody’s Ratings downgraded ZipRecruiter’s Corporate Family Rating to B2 from B1, citing challenges in the online job marketplace industry. The company’s Probability of Default Rating and Senior Unsecured Global Notes rating were also downgraded. In a separate development, Marcus Lemonis has partnered with ZipRecruiter to help businesses find qualified talent. This collaboration aims to leverage Lemonis’s expertise with ZipRecruiter’s technology to address challenges in employee retention and business growth.

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