DHI Group Inc ( (DHX) ) has released its Q4 earnings. Here is a breakdown of the information DHI Group Inc presented to its investors.
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DHI Group, Inc. specializes in AI-powered career marketplaces for technology roles, operating through its brands Dice and ClearanceJobs, which facilitate connections between recruiters and tech professionals.
In its latest earnings report, DHI Group revealed a decrease in its revenue and net income for the fourth quarter and full year of 2024, compared to the previous year. Despite these challenges, the company reported a modest increase in revenue for its ClearanceJobs segment.
For the fourth quarter of 2024, DHI Group reported a total revenue of $34.8 million, marking a 7% decline from the previous year. ClearanceJobs saw a 7% increase in revenue, while Dice experienced a 14% decline. Total bookings decreased by 9% year over year. The net income for the quarter was $1.0 million, indicating a decrease from the previous year’s $2.1 million. Additionally, Adjusted EBITDA was $9.2 million with a margin of 26%, down from 27% the prior year. Annual results showed similar trends with total revenue at $141.9 million, down 7% year over year.
Looking ahead, DHI Group’s management remains optimistic about the company’s ability to capitalize on the increasing demand for tech hiring solutions. They expect growth in ClearanceJobs bookings for 2025, yet anticipate that total bookings growth will not resume until tech hiring normalizes. The company is targeting an adjusted EBITDA margin of 24% for the full year, with a focus on sustainable growth and customer acquisition.
