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Yelp(YELP) - 2024 Q3 - Quarterly Report
2024-11-08 21:25
Table of Contents _____________________________________________________________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________________________________ Form 10-Q ______________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarte ...
Yelp to Expand Services Advertising Revenues With RepairPal Acquisition
PYMNTS.com· 2024-11-08 19:58
Local business information platform Yelp plans to acquire auto services platform RepairPal for about $80 million in cash. The acquisition is expected to close by the end of the year, subject to customary closing conditions, Yelp said in a Thursday (Nov. 7) press release. The company announced the planned acquisition in an earnings release that also said that Yelp's advertising revenues in its Services categories rose 11% year over year to reach a record $228 million in third quarter. This contributed to the ...
YELP Q3 Earnings Beat: Will Weak Guidance Drag the Stock Down?
ZACKS· 2024-11-08 17:00
Yelp Inc. (YELP) reported third-quarter 2024 earnings of 56 cents per share, beating the Zacks Consensus Estimate by 40%. The figure declined 29.1% year over year.YELP’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 165.12%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.YELP’s revenues increased 4.4% year over year to $360.3 million but marginally missed the Zacks Consensus Estimate by 0.11%.Following its lower-than-expec ...
Yelp (YELP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-11-08 02:00
Yelp (YELP) reported $360.34 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.4%. EPS of $0.56 for the same period compares to $0.79 a year ago.The reported revenue represents a surprise of -0.11% over the Zacks Consensus Estimate of $360.74 million. With the consensus EPS estimate being $0.40, the EPS surprise was +40.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
Yelp (YELP) Surpasses Q3 Earnings Estimates
ZACKS· 2024-11-08 01:16
Yelp (YELP) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this online business reviews company would post earnings of $0.23 per share when it actually produced earnings of $0.54, delivering a surprise of 134.78%. Over the last four quarters, ...
Yelp(YELP) - 2024 Q3 - Earnings Call Transcript
2024-11-07 23:15
Yelp Inc. (NYSE:YELP) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Kate Krieger - Director, IR Jeremy Stoppelman – CEO David Schwarzbach – CFO Jed Nachman - COO Conference Call Participants Cal Bartyzal - Craig-Hallum Capital Group Shweta Khajuria - Wolfe Research Josh Beck - Raymond James Sergio Segura – KeyBanc Capital Markets John Colantuoni - Jefferies Robert Coolbrith - Evercore ISI Operator Thank you for standing by. My name is Brianna, and I will be your conferenc ...
Yelp just spent $80M on a site for car repair estimates
TechCrunch· 2024-11-07 22:22
Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company's earnings report on Thursday, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject to customary closing conditions. "We believe RepairPal will accelerate our broader services efforts by expanding our offerings in the multibillion dollar U.S. auto services advertising vertical," ...
Yelp(YELP) - 2024 Q3 - Quarterly Results
2024-11-07 21:05
EXHIBIT 99.1 Yelp Reports Third Quarter Results and Announces Strategic Acquisition Net Revenue increased by 4% to $360 million Net Income of $38 million, reflecting an 11% margin Adjusted EBITDA of $101 million, reflecting a 28% margin Full-year outlook adjusted to $1.397 billion to $1.402 billion of Net Revenue and $341 million to $346 million of Adjusted EBITDA 1 Yelp has entered into an agreement to acquire RepairPal for $80 million in cash SAN FRANCISCO--(BUSINESS WIRE)--Nov. 7, 2024-- Yelp Inc. (NYSE: ...
YELP Gears Up to Report Q3 Earnings: Is a Beat in the Cards?
ZACKS· 2024-11-05 17:05
Yelp Inc. (YELP) is slated to report third-quarter 2024 results after market close on Nov. 7.For the third quarter, the company anticipates revenues between $357 million and $362 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $362 million, indicating a year-over-year increase of 5%.The consensus mark for earnings is pegged at 40 cents per share, suggesting a 49.4% year-over-year decline.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.YELP’s earnings ou ...
What Makes Yelp (YELP) a New Strong Buy Stock
ZACKS· 2024-10-24 17:02
Investors might want to bet on Yelp (YELP) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a ch ...