Compared to Estimates, Yelp (YELP) Q2 Earnings: A Look at Key Metrics

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]