Yelp Inc. (YELP) reported first-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed the same. The top and bottom lines marked a significant year-over-year improvement.The company reported first-quarter earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 4 cents. The company incurred a loss of 2 cents per share in the year-ago quarter. The year-over-year improvement in net income was due to the company's efforts in generating profit.Yelp’s reven ...

Yelp, Inc. (NYSE:YELP) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Josh Willis - Investor Relations Jeremy Stoppelman - Co-founder and Chief Executive Officer David Schwarzbach - Chief Financial Officer Jed Nachman - Chief Operating Officer Conference Call Participants Eric Sheridan - Goldman Sachs Sergio Segura - KeyBanc John Colantuoni - Jefferies Kishan Patel - Raymond James Operator Good afternoon. My name is Brianna, and I will be your conference operator today. At this ...

For the quarter ended March 2024, Yelp (YELP) reported revenue of $332.75 million, up 6.5% over the same period last year. EPS came in at $0.20, compared to $0.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $333.66 million, representing a surprise of -0.27%. The company delivered an EPS surprise of +400.00%, with the consensus EPS estimate being $0.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

EXHIBIT 99.1 Investments in Services Drove Yelp's First Quarter 2024 Results Net Revenue increased by 7% year over year to $333 million Net Income increased from the prior year to $14 million, reflecting a 4% margin Adjusted EBITDA grew 19% year over year to $64 million SAN FRANCISCO--(BUSINESS WIRE)-- May 9, 2024-- Yelp Inc. (NYSE: YELP), the trusted platform that connects people with great local businesses, today announced its financial results for the first quarter ended March 31, 2024 in the Q1 2024 Sha ...

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Wall Street analysts expect Yelp (YELP) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 100%. Revenues are expected to be $333.66 million, up 6.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consi ...

In this articleYELPDRIYUMCAVAThe new restaurant in your neighborhood may look familiar.Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report.Review site Yelp compiled the list by using a blended metric that includes net new openings, searches on its platform from 2022 to 2023 and consumer interest that was measured by page visits, posted photos and written reviews. Of the 50 fastest-growing ch ...

Michael Vi The stock market remains frothy this year, and one of my top strategies to combat against potential broad-based downside is to shift the majority of my tech portfolio into value-oriented names. In particular, I'm keen on stocks that have taken recent unwarranted dips that have an opportunity to rebound throughout the remainder of the year. Yelp (NYSE:YELP) is one big rebound candidate here. The reviews site, long a bastion for restaurant reviews and now also a major hub for home services quer ...

Michael Vi Overview I previously rated a buy rating for Yelp Inc. (NYSE:YELP) in September 2023 as I was bullish on the stock's near-term outlook; in particular, I expected margin to continue expanding as revenue scales. Since then, the stock has moved up as I expected, reaching $48.99 at one point, which is near my target price. After reviewing the recent performance, my recommendation for YELP is a buy rating, as I see the risk-reward situation as attractive today. I believe the market has priced the ...

Yelp strictly prohibits offering incentives or other compensations in exchange for writing, changing, or removing a review. The platform investigates egregious attempts to manipulate ratings and reviews, and may warn consumers with a pop-up notice on the business's Yelp page. (Graphic: Yelp)Of the reviews contributed to Yelp in 2023, about 20% were either not recommended by its automated recommendation software or removed by its User Operations team as a result of the company's extensive trust and safety me ...