Yelp(YELP)

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VIIRL Marketing makes strategic acquisition of Phoenix Online Advertising's Yelp Division
GlobeNewswire News Room· 2025-07-10 16:30
Company Overview - VIIRL Marketing has acquired the Yelp Division from Phoenix Online Advertising, enhancing its lead generation capabilities and expanding its presence in the home services sector [1][4] - The acquisition aligns with VIIRL's strategy of complementing organic growth with strategic acquisitions that fit its business model [5] Industry Insights - The digital marketing sector, particularly in home services, is experiencing growth as business owners seek external expertise for lead generation while focusing on operations [4] - VIIRL serves over 600 client locations across the US, providing services such as lead generation platform management, website development, SEO, and pay-per-click [7] New Offerings - New clients of VIIRL will benefit from proprietary software solutions, including an AI-driven Yelp Lead Autoresponder and a Lead Cloud reporting suite [2][4] - The transition of the Yelp business to VIIRL allows Phoenix Online Advertising to concentrate on its core services, including SEO, graphic design, and PPC [6]
Xpres Spa Named One of Yelp's Most Loved Airport Brands
GlobeNewswire News Room· 2025-06-27 12:05
Core Insights - XWELL's Xpres Spa has been recognized as one of Yelp's "Most Loved Airport Brands," ranking 10 out of 25 based on millions of reviews from U.S. travelers [1] - The CEO of XWELL highlighted the growing demand for comfort and quality at airports, indicating that travelers are increasingly utilizing wellness services [2] Expansion Plans - XWELL will open its first out-of-airport locations in Clearwater, Florida, and New York's Penn Station this summer, aiming to enhance accessibility to premium self-care [2][3] - The Clearwater location will feature a wellness center offering core treatments such as massage, skincare, and recovery, while the Penn Station site will focus on grab-and-go wellness essentials for commuters [3] Strategic Partnerships - XWELL is expanding its reach through strategic partnerships, including a multi-year collaboration with the Orlando Magic, designating XWELL as the "Official Wellness Spa" of the NBA team [4] Future Outlook - The company plans to continue its growth momentum with additional location announcements and partnerships, focusing on equitable and scalable wellness access across various regions [5]
Yelp(YELP) - 2014 Q4 - Earnings Call Presentation
2025-06-23 15:38
Strong Revenue Growth $0 $25 $50 $75 $100 $125 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Local Brand Other 1 ($M) $46M $55M $61M $71M $76M $89M $102M $110M Significant Operating Leverage Note: See Appendix for reconciliation to GAAP Net Income (Loss) for the periods presented 2 Adj. EBITDA ($M) $25M $20M $17M $9M $10M $8M $8M $3M Compelling Metrics 3 Q4'13 Q4'14 Active Local Biz Accts1 12/31/13 12/31/14 71M 135M 94K Cumulative Reviews Unique Visitors* 53M 120M 67K 35% y/y 13% y/y 39% y/y * Per Google ...
Yelp(YELP) - 2015 Q4 - Earnings Call Presentation
2025-06-23 15:38
Safe Harbor FORWARD-LOOKING STATEMENTS These slides and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical facts contained in these slides and the accompanying oral presentation, including statements regarding Yelp Inc.'s ("Yelp" or the "Company") future operations, expected financial results and future financial position, future revenue, long-term target margins, projected growth and expenses, trends, opportunities, prospects, estimates ...
Yelp(YELP) - 2016 Q4 - Earnings Call Presentation
2025-06-23 15:37
Market Opportunity & Growth - The U S local ad spend is projected to be approximately $149 billion in 2017[12] - Yelp claimed 3 4 million local business locations[12] - Yelp has 138 thousand local advertising accounts[12] - Cumulative reviews grew by 27% from 95 million in Q4 2015 to over 121 million in Q4 2016[22] Mobile Engagement - App unique devices increased by 20% from 20 million in Q4 2015 to 24 million in Q4 2016[24] - App users view approximately 10 times as many pages as website users[24] Financial Performance & Targets - Total net revenue increased from $550 million in 2015 to $713 million in 2016[52] - Adjusted EBITDA increased from $69 million in 2015 to $120 million in 2016[52] - The company projects total net revenue between $880 million and $900 million in 2017[52] - The long-term target adjusted EBITDA margin is 35%-40%[55]
Yelp(YELP) - 2017 Q4 - Earnings Call Presentation
2025-06-23 15:36
Investor Presentation Fourth Quarter 2017 FORWARD-LOOKING STATEMENTS These slides and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical facts contained in these slides and the accompanying oral presentation, including statements regarding Yelp Inc.'s ("Yelp" or the "Company") future operations, expected financial results and future financial position, future revenue, the strategic partnership with Grubhub (including its anticipated timi ...
Yelp (YELP) Conference Transcript
2025-05-29 21:30
Summary of Yelp (YELP) Conference Call - May 29, 2025 Company Overview - **Company**: Yelp (YELP) - **Industry**: Online review and local services platform Key Points Evolution of Business Model - Transition from a sales headcount-driven growth model to a product-driven growth model, focusing on product delivery and leveraging emerging technologies like AI and large language models [4][5] - Approximately two-thirds of revenue now comes from services, marking a significant shift from the traditional focus on restaurant and retail reviews [5] Services Business Performance - Services grew at approximately 11% each quarter in 2024, with a 14% growth in Q1 2025, partly due to the acquisition of RepairPal [6][7] - Home services have been a major driver of growth, with enhancements in the "Request Quote" feature allowing better matching of consumers with service providers [7][8] - Expansion into other service categories, including auto services through the RepairPal acquisition, is expected to drive further growth [8][20] Multi-Location Services Strategy - Focus on mid-market and enterprise customers to increase advertising revenue from services [12][13] - Development of APIs and lead management systems to support enterprise customers across multiple locations [13][14] Challenges in Restaurant and Retail Sector - The restaurant and retail segment has faced challenges due to rising input costs and inability to pass these costs onto consumers, resulting in a 3% decline in Q1 2025 [24][25] - Competition from food delivery platforms and retail ad networks has increased, impacting advertising budgets [28][29] - Yelp is enhancing consumer experience and ad matching technology to retain advertiser interest [26][30] Traffic and Engagement Insights - Experimentation with paid traffic acquisition led to increased project generation but did not result in higher ad budgets from advertisers, prompting a pullback in spending [31][33] - Focus on ROI-driven strategies to ensure that advertising budgets are effectively utilized [34] AI Integration and Future Outlook - AI is viewed as a significant opportunity, with investments in Yelp Assistant and other AI-driven features to enhance user experience and service matching [35][36] - Plans to leverage AI for improving call handling and customer engagement [37][38] Macroeconomic Sensitivity - The restaurant and retail business is more cyclical and sensitive to economic downturns, while the services business has a significant non-discretionary component [41][42] - Service professionals tend to increase advertising during economic slowdowns to maintain business [42] Revenue Guidance and Margin Outlook - Revenue guidance for Q2 2025 indicates a slowdown, with expectations for acceleration in the second half of the year [44] - Factors contributing to margin pressure include increased data spending for AI products, the lower gross margin from RepairPal, and fluctuations in employee-related expenses [48][51] Conclusion - Yelp is focused on delivering value to both consumers and advertisers, with a strong emphasis on enhancing product offerings and leveraging AI technologies to drive future growth [43][52]
Yelp: Rebound Is Beginning To Bear Fruit
Seeking Alpha· 2025-05-16 15:45
Core Viewpoint - The S&P 500 has entered positive territory for the year, highlighting a focus on value stocks with independent catalysts for recovery, specifically mentioning Yelp as an overlooked opportunity [1]. Company Insights - Yelp is identified as a stock that has potential for rebound, suggesting it may be undervalued in the current market [1]. - The author has a beneficial long position in Yelp shares, indicating confidence in the stock's future performance [2]. Analyst Background - The analyst has extensive experience covering technology companies and has worked in Silicon Valley, providing a strong foundation for insights into industry trends [1]. - The analyst has been contributing to Seeking Alpha since 2017 and has been featured in various web publications, indicating a recognized presence in the investment community [1].
大众点评2025年“必吃榜”入围名单公布
Zheng Quan Shi Bao Wang· 2025-05-15 13:41
Core Insights - The 2025 "Must-Eat List" by Dianping has been announced, covering 3,146 restaurants across 144 cities and regions, with significant growth in both domestic and international locations [1][2] - The restaurant industry in China is experiencing a recovery, with a focus on local flavors and value-for-money offerings, as indicated by the increasing number of non-chain and long-established local eateries [1][2] Group 1: Overview of the 2025 "Must-Eat List" - The list includes 3,146 restaurants, with 1,700 new entries compared to last year, and features 116 domestic cities and 28 international cities [1] - Key trends include a strong emphasis on "local characteristics," "freshly prepared," and a significant representation of non-chain restaurants, which account for over 50% of the list [1][2] - The average consumer spending in the restaurant sector is stable at around 75 yuan, with nearly 80% of restaurants priced under 100 yuan per person [1] Group 2: Emerging Cities and Restaurant Composition - New cities such as Jieyang, Quzhou, Linyi, and Baotou have seen over 40% of their user traffic coming from outside the area, indicating a growing interest in these locations as culinary destinations [2] - Over 70% of the new entrants are street food vendors, with nearly 40% being local establishments that have been in business for over 10 years [2] - The list has expanded to include 15 new international cities, reflecting a growing trend of users exploring culinary options in regions like Japan, Southeast Asia, and Europe [2] Group 3: Impact and Future Prospects - The "Must-Eat List" has become a significant driver for restaurant growth, with online traffic for newly listed merchants in new cities increasing by over 50% following the announcement [3] - The platform will continue to rigorously select restaurants during the public announcement period to ensure quality and authenticity [3]
Yelp(YELP) - 2025 Q1 - Quarterly Report
2025-05-09 20:18
Part I. Financial Information [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents Yelp's unaudited Q1 2025 financials, with revenue up 8% to $358.5M and net income up 72% to $24.4M [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets slightly increased to $985.2M, liabilities rose to $257.2M, and stockholders' equity decreased to $728.0M Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$985,203** | **$983,567** | | Total Current Assets | $527,711 | $516,879 | | Goodwill | $133,809 | $130,980 | | **Total Liabilities** | **$257,185** | **$239,598** | | Total Current Liabilities | $182,394 | $154,974 | | **Total Stockholders' Equity** | **$728,018** | **$743,969** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Net revenue increased 8% to $358.5M, with net income rising significantly to $24.4M and diluted EPS reaching $0.36 Q1 2025 vs Q1 2024 Statement of Operations (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net revenue | $358,534 | $332,752 | | Total costs and expenses | $329,074 | $321,535 | | Income from operations | $29,460 | $11,217 | | Net income attributable to common stockholders | $24,391 | $14,154 | | Diluted net income per share | $0.36 | $0.20 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow rose to $98.0M; investing used $12.0M, financing used $81.7M, including stock repurchases Q1 2025 vs Q1 2024 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $97,995 | $72,855 | | Net cash used in investing activities | $(12,003) | $(6,402) | | Net cash used in financing activities | $(81,713) | $(83,834) | | Change in cash, cash equivalents and restricted cash | $4,931 | $(17,866) | - The company repurchased $**62.5 million** of common stock in both Q1 2025 and Q1 2024[36](index=36&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail RepairPal acquisition ($81.2M), $268.3M stock repurchase authorization, and 14% Services revenue growth - On November 26, 2024, the Company acquired auto services platform RepairPal, Inc. for a preliminary total purchase consideration of $**81.2 million** The acquisition is intended to accelerate efforts in the Services categories[61](index=61&type=chunk)[62](index=62&type=chunk) - The RepairPal acquisition resulted in $**30.8 million** of goodwill and $**53.6 million** of intangible assets, primarily business relationships and developed technology[64](index=64&type=chunk) - As of March 31, 2025, $**268.3 million** remained available for stock repurchases under the board's authorized program The company repurchased $**62.5 million** of stock in Q1 2025[86](index=86&type=chunk)[87](index=87&type=chunk) Net Revenue by Product Line (in thousands) | Category | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Advertising Revenue:** | | | | Services | $231,576 | $203,288 | | Restaurants, Retail & Other | $110,425 | $114,350 | | **Total Advertising** | **$342,001** | **$317,638** | | Other | $16,533 | $15,114 | | **Total Net Revenue** | **$358,534** | **$332,752** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses 8% revenue growth to $358.5M, driven by Services, and adjusted EBITDA growth to $84.9M [Overview](index=26&type=section&id=Overview) Q1 2025 net revenue reached $358.5M, net income $24.4M, and adjusted EBITDA $84.9M, with Services growth - Strategic initiatives for revenue growth include: Leading in Services, Driving advertiser value, and Transforming the consumer experience[112](index=112&type=chunk)[113](index=113&type=chunk) - Services revenue grew **14%** YoY, driven by Home and Auto Services, including contributions from the newly acquired RepairPal[113](index=113&type=chunk) - The company is enhancing its platform with AI, including Yelp Assistant with photo recognition and AI-powered business summaries leveraging LLMs[113](index=113&type=chunk) [Key Metrics](index=27&type=section&id=Key%20Metrics) Ad clicks decreased 3% while average CPC increased 9%, with total paying advertising locations down 3% to 517K Year-over-Year Change in Ad Clicks and Average CPC | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Ad Clicks | (3)% | 8% | | Average CPC | 9% | (1)% | Paying Advertising Locations (in thousands) | Category | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Services | 261 | 252 | 3% | | Restaurants, Retail & Other | 256 | 278 | (8)% | | **Total** | **517** | **530** | **(3)%** | - The decrease in ad clicks was primarily driven by macroeconomic pressures in RR&O categories and reduced spend on paid search for Services projects[120](index=120&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Total net revenue rose 8% to $358.5M, with income from operations up 163% to $29.5M due to controlled expenses Q1 2025 vs Q1 2024 Results of Operations (in thousands) | Line Item | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Total net revenue** | **$358,534** | **$332,752** | **$25,782** | **8%** | | Cost of revenue | $34,828 | $27,355 | $7,473 | 27% | | Sales and marketing | $146,284 | $147,791 | $(1,507) | (1)% | | Product development | $83,905 | $91,227 | $(7,322) | (8)% | | General and administrative | $51,707 | $45,232 | $6,475 | 14% | | **Total costs and expenses** | **$329,074** | **$321,535** | **$7,539** | **2%** | | **Income from operations** | **$29,460** | **$11,217** | **$18,243** | **163%** | - Cost of revenue increased primarily due to higher advertising fulfillment costs, website infrastructure expense, and revenue share payments related to the RepairPal acquisition[136](index=136&type=chunk)[143](index=143&type=chunk) [Non-GAAP Financial Measures](index=31&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA significantly increased to $84.9M (24% margin), and Free Cash Flow rose to $87.5M in Q1 2025 Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $24,391 | $14,154 | | Adjustments (Taxes, Other income, D&A, SBC, etc.) | $60,553 | $50,302 | | **Adjusted EBITDA** | **$84,944** | **$64,456** | | Net revenue | $358,534 | $332,752 | | **Adjusted EBITDA margin** | **24%** | **19%** | Reconciliation of Net Cash from Operations to Free Cash Flow (in thousands) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $97,995 | $72,855 | | Purchases of property, equipment and software | $(10,531) | $(6,987) | | **Free cash flow** | **$87,464** | **$65,868** | [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity includes $222.0M cash, $102.4M marketable securities, and $111.0M available credit, sufficient for needs - As of March 31, 2025, the company had $**222.0 million** in cash and cash equivalents and $**102.4 million** in marketable securities[160](index=160&type=chunk) - The company has a $**125.0 million** senior secured revolving credit facility, with $**14.0 million** of letters of credit outstanding and $**111.0 million** available[162](index=162&type=chunk)[163](index=163&type=chunk) - Material cash requirements include $**38.3 million** for operating leases and approximately $**167.5 million** for purchase obligations, primarily website hosting[166](index=166&type=chunk)[167](index=167&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risks, including interest rate, foreign exchange, and inflation, remain materially unchanged from year-end 2024 - The company's primary market risks include interest rate, foreign exchange, and inflation, which have not changed materially since year-end 2024[177](index=177&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal controls - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level[179](index=179&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the first quarter of 2025[180](index=180&type=chunk) Part II. Other Information [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) A $15.0M settlement for the CIPA Action was approved, and other legal proceedings are not expected to be material - On April 10, 2024, the Superior Court granted final approval of a $**15.0 million** settlement for the California Invasion of Privacy Act (CIPA) Action, resolving all claims against the company[75](index=75&type=chunk) - The company does not believe the final outcome of any other ordinary course legal matters will have a material effect on its business or financial position[184](index=184&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report - No material changes have occurred to the risk factors set forth in the company's Annual Report[185](index=185&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 1.7M shares for $62.5M in Q1 2025, with $268.3M remaining for future repurchases Issuer Purchases of Equity Securities (Q1 2025) | Period | Total Shares Purchased (thousands) | Average Price Paid per Share | | :--- | :--- | :--- | | January 2025 | 638 | $39.66 | | February 2025 | 114 | $35.44 | | March 2025 | 937 | $35.39 | - As of May 2, 2025, $**238.7 million** remained available under the company's $**1.95 billion** stock repurchase authorization[186](index=186&type=chunk) [Item 5. Other Information](index=37&type=section&id=Item%205.%20Other%20Information) CTO Sam Eaton and board member Dan Jedda entered Rule 10b5-1 trading plans for future stock sales - On February 20, 2025, CTO Sam Eaton entered into a Rule 10b5-1 trading plan for the potential sale of up to approximately **63,116 shares**[189](index=189&type=chunk) - On March 6, 2025, board member Dan Jedda entered into a Rule 10b5-1 trading plan for the potential sale of up to **4,258 shares**[190](index=190&type=chunk)