Yelp Inc

YELP

Equity

ISIN US9858171054 / Valor 14361457

New York Stock Exchange, Inc (2024-12-26)

USD 39.70+1.87%

Yelp Inc
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About company

Yelp Inc. is a company that operates a platform designed to connect people with local businesses, focusing on a wide range of services including restaurants, home services, and auto services among others. Established in 2004, Yelp has grown to become a key player in facilitating consumer-to-business interactions, offering users the ability to read and write reviews, thus influencing decision-making processes for potential customers. Beyond its core review platform, Yelp also provides business owners with tools and services to claim their business page, manage advertisements, and access various resources to support business growth and customer engagement. The company's operations extend to providing financial information to investors, maintaining a commitment to trust and safety on its platform, and engaging in community support through its newsroom and career opportunities.

Summarized from source with an LLMView SourceSector: Business Services

Net Revenue Growth

In the first quarter of 2024, Yelp Inc. reported a net revenue of $333 million, marking a 7% increase from the first quarter of 2023. This growth was primarily driven by an increase in advertising revenue as the company executed its strategic initiatives.

Net Income Improvement

Yelp Inc. achieved a net income of $14 million, or $0.20 per diluted share, in Q1 2024. This represents a significant improvement from a net loss of ($1) million, or ($0.02) per diluted share, in the same quarter of the previous year, reflecting a net income margin of 4%.

Adjusted EBITDA Increase

Adjusted EBITDA for Yelp Inc. in the first quarter of 2024 was $64 million, an increase of $10 million, or 19%, compared to Q1 2023. The adjusted EBITDA margin also improved by two percentage points to reach 19%.

Share Repurchase

During the first quarter of 2024, Yelp Inc. repurchased approximately 1.5 million shares at an aggregate cost of $62.5 million. This move is part of the company's ongoing efforts to return value to shareholders.

Revenue Outlook

Yelp Inc. reaffirmed its revenue expectations for the full year 2024, projecting net revenue to be in the range of $1.42 billion to $1.44 billion. The company also narrowed its adjusted EBITDA outlook to a range of $315 million to $325 million, reflecting investments in Services project acquisition through paid search engine marketing.

Summarized from source with an LLMView Source

Key figures

-17.6%1Y

6.92%3Y

14.5%5Y

Performance

29.4%1Y

36.2%3Y

48.9%5Y

Volatility