Company Overview - Yelp Inc. operates a leading online platform connecting consumers with local businesses across diverse categories, leveraging a mix of advertising and digital solutions [4] - The company generates revenue primarily from advertising products sold to businesses on a cost-per-click and multi-location basis, as well as subscriptions and data licensing [5] - Yelp serves local businesses across multiple categories and consumers seeking local services, with a primary focus on the U.S. market and select international presence [6] Financial Performance - As of February 17, 2026, Yelp's revenue (TTM) is $1.46 billion, with a net income (TTM) of $145.60 million and a market capitalization of $1.49 billion [3] - The share price as of market close on February 17, 2026, is $20.68, reflecting a decline of 45.7% over the past year, underperforming the S&P 500 by 56.53 percentage points [2] Recent Transactions - SMITH THOMAS W reduced its position in Yelp by 96,280 shares during the fourth quarter, resulting in a decline in the value of the position by $4.09 million [1] - The fund's remaining stake in Yelp is 0.22% of 13F AUM after the sale [2]