Trustpilot 否认了上述指控，称该报告中的一系列说法 "具有选择性、误导性，且是为支撑预设结论而刻 意构建的"。 做空机构灰熊研究（Grizzly Research）披露对 Trustpilot 的做空头寸，并指控这家全球点评平台伪造账 户发布负面点评，随后施压企业付费订阅以解决问题。受此影响，Trustpilot 股价周四暴跌逾 30%。 该做空机构还指控 Trustpilot 运营 "黑手党式敲诈" 模式，称已付费订阅 Trustpilot 服务的企业，其点评 评分能从 5 星制下的 2 分以下跃升至 4 分以上。 灰熊研究进一步指出，Trustpilot 会对其订阅客户的真实负面点评进行质疑或删除，同时放任虚假正面 点评泛滥。 截至格林尼治标准时间 14 时 06 分，Trustpilot 股价已跌至 131.2 便士，接近两年低点。 该公司在一份声明中表示："（该报告）忽略了关键背景信息和公开可得的事实，制造了错误印象，且 表明其对 Trustpilot 的运作模式缺乏了解。" Trustpilot 于 2007 年在丹麦成立，是一家全球在线点评平台。该平台通过用户生成的评分与点评，帮助 消费 ...

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]

Core Viewpoint - Evercore ISI upgraded its investment rating on Yelp (NYSE:YELP) to "outperform" from "in line" due to identified growth opportunities for the company [4]. Group 1 - Shares of Yelp increased by 8% in early open market trading following the upgrade [5].

Core Insights - For the quarter ended June 2025, Yelp reported revenue of $370.39 million, reflecting a year-over-year increase of 3.8% and an EPS of $0.67, up from $0.54 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $364.77 million by 1.54%, while the EPS surpassed the consensus estimate of $0.48 by 39.58% [1] Financial Performance Metrics - Yelp's shares have returned -1.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.2% change, indicating a potential underperformance relative to the broader market [3] - The company has a Zacks Rank 2 (Buy), suggesting it could outperform the market in the near term [3] Advertising Metrics - The number of Paying Advertising Locations reached 515 thousand, slightly above the estimated 514.75 thousand [4] - In the category of Restaurants, Retail & Other, Paying Advertising Locations totaled 255 thousand, exceeding the estimate of 251 thousand [4] - For Services, Paying Advertising Locations were 260 thousand, slightly below the estimate of 263.33 thousand [4] - Net revenue from Advertising was $353.7 million, surpassing the average estimate of $348.14 million, with a year-over-year change of +3.6% [4] - Net revenue from Other services was $16.7 million, slightly above the estimate of $16.63 million, representing a +6.5% change year-over-year [4] - Advertising revenue from Services was $240.8 million, compared to the average estimate of $239.85 million, reflecting an +8% year-over-year change [4] - Advertising revenue from Restaurants, Retail & Other was $112.9 million, exceeding the average estimate of $108.04 million, but showing a -4.6% year-over-year change [4]