skip to Main Content

LinkedIn, Zip, and UpWork revenue up: the latest job board industry news

job board industry newsWell, hardly anything has happened since the last roundup – except for a major election in the U.S., thousands of layoffs at Meta and Twitter, and lots of positive (and a few negative) financial reports from job boards around the world. You know, just the usual boring job board industry news from a multinational, multi-billion dollar sector! Let’s dig in:

  • DHI revenue up 25%DHI Group reported third-quarter revenue rose 25.3% year over year to $38.5 million. Revenue rose at both its ClearanceJobs division, which focuses on jobs that require federal security clearances, and its Dice segment. Dice bookings increased 17% year over year, while Dice revenue renewal and retention rates remained strong at 98% and 110%. Similarly, ClearanceJobs bookings increased 23% in the third quarter, and revenue renewal and retention rates were 97% and 110%. Sounds kinda positive.
  • No Fluff Jobs revenue upRingier Axel Springer-owned IT recruitment site No Fluff Jobs saw a revenue increase by 128% while its net profit grew by 160% in FY2021. The Polish job board was established in 2014; in October 2019, the site expanded into Hungary and in the following years also into the Czech Republic, Slovakia, Belarus, and Ukraine. The company’s FY2021 revenue was 20.5 Polish zlotys ($4.2 million U.S.), up from 9 million Polish zlotys in FY2020. Its net profit was 845,00 Polish zlotys ($174,000 U.S.), an increase from 325,000 Polish zlotys a year earlier. Congrats!
  • LinkedIn revenue rises, but…Microsoft Corp. reported that LinkedIn revenue rose 17% to $3.66 billion in the company’s fiscal first quarter ended Sept. 30. The increase as measured in constant currency was 21%. The increase was driven by LinkedIn’s talent solutions recruiting business. However, Microsoft warned of a hiring slowdown impacting LinkedIn when announcing upcoming guidance. In other LinkedIn news, the company won a preliminary victory in its case against data scraper HiQ Labs, with a federal judge ruling that LinkedIn was entitled to kick HiQ off its platform because that latter violated its usage rules. The ruling also denied HiQ’s claim for monetary damages stemming from its banishment from the platform. Hmm.
  • ZipRecruiter’s growth continuesZipRecruiter posted better-than-expected revenue gains in a slowing job market in Q3 2022 while also racking up a profit for the fifth straight quarter. The company reported revenue of $227 million, up 7% year-on-year. Though topline growth is down drastically from the double- and triple-digit gains of the past several quarters, it beat the company’s own expectations and those of Wall Street. The company reported that employer customers during the quarter were down 20% year on year. Interesting.
  • Pod closes funding for job boardPod announced the closure of a $2.5M funding round for its AtlasJobs HR-Tech SaaS platform. AtlasJobs, launched in Q2 2022, was developed alongside corporations who are focused on building sustainable talent pathways and serves as a white-label talent engagement and management platform. AtlasJobs helps companies address staffing shortages and recruiting challenges by providing a mobile-first interactive job-seeker experience. Congrats!
  • Job boards need AM/FM radio presenceWith the percent of active job seekers up significantly vs. a year ago – from 12% to 22%, according to the results of a MARU/Matchbox study commissioned by Cumulus Media/Westwood One’s Audio Active Group – and passive seekers now outnumbering actives by a nearly-two-to-one margin, it’s created a perfect opportunity for job websites to get the word out. Based on Westwood One’s blog’s analysis of the findings of the study, which surveyed 1,000 respondents in July, AM/FM radio reaches three-quarters of job seekers. AM/FM radio is the most-mentioned advertising medium used in the past month among passives and actives, according to MARU/Matchbox’s data. Very interesting.
  • Alma Career revenue is upAlma Career’s revenue amounted to €82.4 million ($80.5 million U.S.) during the period Q1-Q3 FY 2022, up 41.8% from €58.1 million in the year-earlier period. Its adjusted EBITDA increased 51.7% to €36.3 million over the same period. The Alma Career segment includes recruitment sites Monster.fi, Jobs.cz, Prace.cz, CV Online, Profesia.sk, MojPosao.net and MojPosao.ba, in addition to the Seduo online training service and Prace za rohem. In Q3 FY2022, revenue rose by 24.4% year on year, to €27.3 million. Its adjusted EBITDA increased 11% to €10.8 million over the same period. Impressive.
  • UpWork’s revenue is also upUpwork reported revenue rose 23.8% year over year to $158.6 million.  The number of active clients rose 9% year over year to 818,000. In addition, gross services volume — which represents both client spend and additional fees charged for other services — grew 14% year over year in the third quarter to nearly $1.03 billion. They just keep chugging along.
  • JobAndTalent raises even more moneyMadrid-based temporary staffing startup Jobandtalent raised $500 million at a valuation of $2.35 billion in Series E funding led by Swedish investor Kinnevik AB. This round of funding is the largest ever for an HR Tech company in Europe, according to PitchBook. In March, the company announced a €100 million (~$120M) Series D round led by Softbank, as well as €83 million (~$100M) in debt financing from Blackrock, to enter the US market. The most popular positions on the platform include van and food delivery drivers, as well as warehouse operators. Congrats – I guess.
  • JobKorea adds community chat roomsRecruitment marketplace JobKorea is seeking to enhance community participation on its site with six community chat rooms categorized by industry. The six chat rooms are dedicated to marketing and advertising; the internet; management; design; sales and customer consultation; and production and manufacturing. Since the launch of the marketing room in May, the number of posts has exceeded 64,000.  Kind of back to the future!
  • Fiverr revenue is upFiverr reported third-quarter revenue rose 11.1% year over year to $82.5 million with growth in both the number of active buyers and spend per buyer. The number of active buyers on Fiverr’s platform rose 3% year over year to 4.2 million in the third quarter. Meanwhile, the amount of spend per buyer rose by 12% to $262. Fiverr forecast fourth-quarter revenue of between $79.8 million and $85.8 million, a year-over-year increase of between 0% and 8%. Pretty strong.

Like I said – hardly anything happened! I almost fell asleep writing it! Oh, and don’t forget to check out the latest job board industry trends results. Until next time…

[Want to get Job Board Doctor posts via email? Subscribe here.].

[Check out the JobBoardGeek podcast archive!]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back To Top
Search
%d bloggers like this: