The Small Business Times

Indeed’s Net Worth – How Much Are They Worth In 2022?

As an almost wholly bootstrapped startup that’s become one of the world’s largest job-search platforms, it’s natural to enquire about Indeed’s net worth. 

If we consider the available evidence, Indeed’s net worth is likely to be in the region of US$2.75 billion. This multi-billion-dollar company serves more than 250 million unique users every month. And the company reported an annual revenue figure of JP¥2,310.7 billion (approximately US$20.4 billion) in 2018. Which makes it one of the most successful career-related search engines globally.

Indeed endeavor to prioritize their job seekers. They do this by allowing them to upload their resumes, search for open positions, and research interested companies free of charge. Over ten jobs are added to their platform every second, thus keeping them ahead of the competition. 

Indeed’s Growth Over the Years

Indeed was founded by Paul Forster and Rony Kahan in 2004. He and Kahan then launched jobsinthemoney.com, which rose to become one of the largest job sites targeting finance professionals. 

After successfully selling their first company, they launched a global search engine for all types of job listings in November 2004. By 2005, the company launched the beta version of its pay-per-click job advertising model. And it raised a seed funding amount of $5 million. 

Indeed’s unique job listings became an instant success, making the company profitable just after its launch. In the next five years, Indeed passed Monster.com to become the job website with the highest traffic in the United States. 

On October 1, 2012, Indeed was acquired by Japanese Conglomerate Recruit Corporation Limited for an estimated US$1 billion. And in 2016, the company announced that it had acquired the assets of Simply Hired. In the next three years, Indeed also purchased Syft and ClickIQ.

Calculating Indeed’s Net Worth

Determining a company’s net worth usually involves a simple calculation. Subtracting a company’s liabilities from its total assets would allow you to calculate its net worth.

However, Indeed is not yet listed on the stock exchange and is operated as part of their parent company, Recruit Holdings. Therefore, the exact value of their assets and liabilities is not part of the public domain. 

However, considering information provided in a Recruit Holdings 2019 Annual Report, we estimate Indeed’s net worth to be at least US$2.75 billion.

It’s important to note that any company’s net worth is an ever-changing value. It will increase or decrease with its acquisitions and investments. 

Conclusion

In its first 8 years, Indeed rose to become the most significant job search engine globally. Their business model might seem straightforward, but it is designed intelligently to maintain success in the market.

Indeed boasts an annual revenue of JP¥2,310.7 billion (approximately US$20.4 billion) in 2018 and an estimated net worth of US$2.75 billion. Given this, it’s clear that the company is stable, growing, and makes for a sound investment.