Here's What Key Metrics Tell Us About Yelp (YELP) Q3 Earnings

Core Insights - Yelp reported revenue of $376.04 million for the quarter ended September 2025, reflecting a 4.4% increase year-over-year and a surprise of +2.29% over the Zacks Consensus Estimate of $367.61 million [1] - The earnings per share (EPS) for the quarter was $0.61, up from $0.56 in the same quarter last year, resulting in an EPS surprise of +29.79% compared to the consensus estimate of $0.47 [1] Financial Performance Metrics - The number of Paying Advertising Locations was 512 thousand, matching the three-analyst average estimate [4] - For Restaurants, Retail & Other, the Paying Advertising Locations totaled 254 thousand, slightly above the average estimate of 252 thousand [4] - In the Services category, Paying Advertising Locations were 258 thousand, slightly below the average estimate of 260 thousand [4] - Net revenue from Advertising reached $357.35 million, exceeding the average estimate of $350.93 million, representing a year-over-year increase of +3.8% [4] - Advertising revenue from Services was $243.81 million, surpassing the average estimate of $239.92 million, with a year-over-year growth of +6.9% [4] - Advertising revenue from Restaurants, Retail & Other was $113.55 million, slightly above the average estimate of $110.99 million, but showed a year-over-year decline of -2.5% [4] Stock Performance - Over the past month, Yelp's shares have returned +1.6%, outperforming the Zacks S&P 500 composite's +1.3% change [3] - Yelp currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]