Yelp Inc Stock Price, News & Analysis

Yelp Inc. (NYSE: YELP) announced its Q2 2021 Economic Average (YEA) report, highlighting a strong correlation between increased COVID-19 vaccinations and rising consumer interest on its platform. In Q2, 60,502 businesses reopened, the highest in a year, with new business openings reaching 150,940, surpassing pre-pandemic levels by 8%. The report indicates that areas with higher vaccination rates experienced greater consumer activity. Key states included Maine and Vermont, showing over 25% increases in consumer interest.

Yelp Inc. (NYSE: YELP) has launched Yelp Audiences, a new advertising platform designed to help national and regional advertisers connect with consumers based on their Yelp search activity. This platform allows advertisers to reach Yelp's high-intent audience across various websites and apps. Notable brands like KitchenAid have already partnered with Yelp Audiences. The initiative also emphasizes consumer privacy by eliminating third-party data purchases. In May, KitchenAid's campaign using Yelp Audiences showed a significant brand perception lift among targeted consumers.

Yelp Inc. (NYSE: YELP) is launching the ‘Decks for Dads’ campaign to assist fathers in completing unfinished deck projects initiated during COVID-19. The campaign offers to cover costs up to $2,000 for eligible users who hire professionals via Yelp’s Request-A-Quote feature. Recent surveys indicate that 71% of homeowners with outdoor spaces are interested in deck projects, but face barriers such as time and finances. Users can submit quotes until June 17, 2021, with winners announced the following day, aimed at enhancing summer outdoor spaces.

Yelp Inc. (NYSE: YELP) announced its participation in the Evercore ISI Inaugural Technology, Media & Telecom Conference on June 8, 2021, at 11:45 a.m. Pacific Time. The presentation aims to showcase Yelp's connection to local businesses and its role in facilitating consumer transactions.

The live and archived webcasts will be accessible on the company's investor relations website for one year following the event.

Yelp Inc. (NYSE: YELP) announced that its management will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. Pacific Time. The presentation will be available via live and archived webcasts on the company’s investor relations website, www.yelp-ir.com, with archives accessible for 30 days post-event. Founded in July 2004, Yelp connects consumers to local businesses, facilitating transactions and reviews.

Yelp Inc. reported its Q1 2021 financial results, emphasizing the importance of connecting consumers with local businesses as economies recover. CEO Jeremy Stoppelman highlighted record retention and revenue growth in the Services categories and Self-serve channel, attributing this success to product innovation and an efficient go-to-market strategy. While Yelp has not provided a GAAP net income outlook due to uncertainty in reconciling items, it intends to communicate future financial updates via its Investor Relations website. A Q&A session on the results is scheduled for today.

Zillow and Yelp's recent report reveals a surge in the digital nomadic lifestyle, with nearly 11 million Americans identifying as digital nomads, a 49% increase since 2019. The report ranks U.S. metros for digital nomads, led by Jacksonville, Florida, followed by Austin, Boise, Nashville, and Charleston. Factors considered include rental affordability, availability, and amenities desirable for remote workers. Consumer interest in real estate and moving services has significantly risen, emphasizing a shift in housing needs as many workers adapt to flexible living arrangements.

Yelp Inc. (NYSE: YELP) announced it will release its financial results for Q1 2021 after market close on May 6, 2021. A press release detailing the results will be posted on its investor relations website, which will also host a webcasted conference call on the same day at 2:00 p.m. PT. This call will provide insights into the company's performance during the quarter, allowing investors and stakeholders to gain a comprehensive understanding of Yelp's financial health and operational metrics. The focus remains on connecting consumers with local businesses.

Yelp Inc. (NYSE: YELP) reports strong signs of recovery in local economies for Q1 2021. The Yelp Economic Average indicates over 516,000 new businesses opened in the past year, with Q1 2021 witnessing a spike in openings, particularly in restaurants and local services, outpacing figures from Q1 2020. Business reopenings are also at their highest level since Q2 2020, suggesting a positive trend following COVID-19 disruptions. The data reflects growing consumer interest in real estate and home services, fueled by pandemic-related changes.