Core Insights - Yelp reported revenue of $357.02 million for Q2 2024, a year-over-year increase of 5.9% and an EPS of $0.54, up from $0.21 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $352.91 million by 1.16%, while the EPS surpassed the consensus estimate of $0.23 by 134.78% [1] Financial Performance Metrics - Paying Advertising Locations totaled 531 thousand, slightly below the average estimate of 531.67 thousand [3] - Paying Advertising Locations for Restaurants, Retail & Other reached 277 thousand, slightly above the average estimate of 276 thousand [4] - Paying Advertising Locations for Services was 254 thousand, close to the average estimate of 255.67 thousand [4] - Net revenue from Advertising was $341.34 million, exceeding the average estimate of $336.99 million, reflecting a year-over-year increase of 6% [5] - Net revenue from Other Services was $15.68 million, surpassing the average estimate of $15.14 million, with a year-over-year change of 33.2% [6] - Net revenue from Advertising Services was $222.96 million, above the average estimate of $221.04 million, showing an 11.3% year-over-year increase [7] - Net revenue from Advertising in Restaurants, Retail & Other was $118.38 million, exceeding the average estimate of $115.61 million, but reflecting a year-over-year decrease of 2.7% [8] Stock Performance - Yelp shares have returned -5.3% over the past month, compared to the Zacks S&P 500 composite's -6.5% change [8] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [8]

Yelp (YELP) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 134.78%. A quarter ago, it was expected that this online business reviews company would post earnings of $0.04 per share when it actually produced earnings of $0.20, delivering a surprise of 400%.Over the last four quarters, ...

Yelp Inc. (NYSE:YELP) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Kate Krieger - Director, IR Jeremy Stoppelman - CEO David Schwarzbach - CFO Jed Nachman - COO Conference Call Participants Eric Sheridan - Goldman Sachs Cal Bartyzal - Craig-Hallum Capital Group Colin Sebastian - Baird Sergio Segura - KeyBanc Josh Beck - Raymond James Dion Lee - Evercore Georgia Anderson - Wolfe Research Operator Hello, and welcome to the Q2 2024 Yelp, Inc. Earnings Conference Call. [Operat ...

Back in 2004, Yelp’s crowd-sourced business review platform helped create an era of commerce defined by at-your-fingertips convenience.That was then. But two decades later, and Yelp is still contributing to, if not necessarily as strongly defining, the digital category it helped spearhead. After all, convenience and real-time insights are far from going out of style in today’s commerce landscape. Just look at the Thursday (Aug. 8) results from Yelp’s second quarter 2024 earnings report — which show that the ...

EXHIBIT 99.1 Yelp Achieves Record Net Revenue and Strong Profitability in the Second Quarter 2024 Net Revenue increased by 6% year over year to $357 million Net Income increased by 158% year over year to $38 million, reflecting an 11% margin Adjusted EBITDA grew 9% year over year to $91 million, reflecting a 26% margin Full-year outlook adjusted to $1.410 billion to $1.425 billion of Net Revenue and $325 million to $335 million of Adjusted EBITDA 1 SAN FRANCISCO--(BUSINESS WIRE)-- August 8, 2024-- Yelp Inc. ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Yelp (YELP) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower ...

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Yelp can continue a trademark infringement and unfair competition lawsuit against a company that advertised that it could remove “bad” reviews from the platform.A judge ruled Thursday (June 6) that Yelp can pursue these claims against ReviewVio, which does business as Dandy, Reuters reported Friday (June 7).Yelp said its reputation was harmed by ReviewVio’s ads that included the Yelp logo and suggested that businesses could pay to artificially inflate their ratings on the business review website, according ...

Michael Vi Yelp (NYSE:YELP) has had a tough run this year. Amid sharp market rallies across sectors, the restaurant and local business reviews site has shed nearly 20% of its market value, as investors chased riskier and higher-growth stocks and shied away from potential value traps. Though commonly perceived as one, Yelp, in my view, is not what I'd consider a value trap. Value traps are cheap stocks that have neither catalysts for growth nor solutions to tough predicaments they sit in at the moment - ...