Yelp Inc Stock Price, News & Analysis

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.

MatchCraft has introduced an integration of Yelp Ads into its AdVantage™ platform, enhancing digital marketing capabilities for local businesses. This partnership allows advertisers to access expanded inventory and reach a high-intent audience effectively. The integration streamlines campaign management across multiple channels, offering resellers improved efficiency. MatchCraft's CEO highlighted that this new feature opens up access to untapped customers and enhances return on ad spend for local merchants.

Yelp Inc. (NYSE: YELP) reported its fourth-quarter and full-year financial results for 2020, highlighting resilience during the pandemic. The company emphasized its commitment to innovation, which boosted monetization in Home & Local Services. Yelp successfully realigned its go-to-market channels, enhancing revenue growth through its Self-serve channel. CEO Jeremy Stoppelman expressed confidence in achieving sustainable revenue growth in 2021. The Q4 and Full Year 2020 Shareholder Letter is accessible on Yelp's Investor Relations website for more detailed insights.

Yelp (NYSE: YELP) will present at the Goldman Sachs Technology and Internet Conference on February 11, 2021, at 11:00 a.m. Pacific Time. The event will be accessible live and via archived webcasts on the company’s investor relations website for 30 days post-presentation. Yelp connects users with local businesses through comprehensive information and reviews, facilitating bookings and transactions. Founded in San Francisco in July 2004, Yelp continues to enhance consumer experiences with local services.

Yelp Inc. (NYSE: YELP) will release its financial results for Q4 and full year 2020 after the market closes on February 9, 2021. The company plans to issue a press release along with its Shareholder Letter available on www.yelp-ir.com. A conference call to discuss these results will be held at 2:00 PM PST (5:00 PM EST) on the same day, with live and archived webcasts accessible through its investor relations site.

Yelp Inc. (NYSE: YELP) released its Annual 2020 Yelp Economic Average (YEA) report, emphasizing the significant effects of COVID-19 on local economies. Despite the pandemic, the fourth quarter showed signs of recovery, with 230,209 businesses reopening since March 1, 2020. Restaurant openings were notably resilient, nearing pre-pandemic levels with 18,207 new establishments in Q4. Notably, home services showed an average increase of 7% in openings. The report highlights the adaptability of local businesses and the resurgence of consumer interest post-vaccine announcements.

Yelp Inc. has announced a $10 million deposit from its cash reserves into minority-owned financial institutions that support Black and underserved communities, including Broadway Federal Bank, Carver Federal Savings Bank, and Citizens Savings Bank. This initiative aims to enhance financial equity and support Black-owned businesses impacted by the pandemic. Yelp's commitment includes a $2.5 million deposit to each of the banks to promote home ownership and local business sustainability. This move aligns with Yelp's ongoing dedication to support minority communities and improve economic conditions.

Yelp Inc. (NYSE: YELP) has announced management will present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 18, 2020, at 1:00 p.m. Pacific Time. Investors and interested parties can access live and archived webcasts of the presentation on the company's investor relations website at www.yelp-ir.com. Founded in San Francisco in July 2004, Yelp connects users with local businesses, providing a platform for discovery, connection, and transactions across various business sectors.