Welcome to our dedicated page for Yelp news (Ticker: YELP), a resource for investors and traders seeking the latest updates and insights on Yelp stock.
Yelp Inc. (NYSE: YELP) regularly issues news and updates as a community-driven platform that connects people with great local businesses. Company press releases emphasize that millions of people rely on Yelp for useful and trusted local business information, reviews and photos to guide their spending decisions. This news page aggregates those announcements so readers can follow how Yelp’s platform, products and financial performance evolve over time.
Yelp’s news often highlights financial results, including quarterly net revenue, net income and adjusted EBITDA, which are detailed in shareholder letters and earnings releases. The company also uses news releases to announce the timing of upcoming quarterly results, conference calls and participation in investor conferences such as the Goldman Sachs Communacopia & Technology Conference, the KeyBanc Technology Leadership Forum and the Raymond James TMT & Consumer Conference.
Another major theme in Yelp’s news is product development and AI features. Recent announcements describe the expansion of Yelp Assistant, an AI chatbot that answers questions about businesses, and the launch of AI-powered call answering services Yelp Host and Yelp Receptionist. The company has also publicized AI-enabled features like Menu Vision, natural language and voice search, Popular Offerings, AI-grouped before-and-after photos, Review Insights, AI-powered response quality badges and AI-stitched videos.
Yelp’s news flow also covers partnerships and corporate governance. For example, the company has announced a preferred third-party delivery partnership with DoorDash to power ordering and delivery for diners who choose to order on Yelp, and it has reported the appointment of a new independent director to its board and subsequent committee assignments. By reviewing this news page, investors and users can see how Yelp communicates about its strategy, AI transformation, financial results and relationships with other companies.
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.
Yelp Inc. (NYSE: YELP) has appointed Tony Wells, former USAA Chief Brand Officer, to its Board of Directors effective October 30, 2020. With this addition, Yelp's Board expands to nine directors. Wells brings extensive expertise in marketing, operations, and analytics from various sectors, which is expected to enhance Yelp's growth strategy. CEO Jeremy Stoppelman expressed confidence in Wells' marketing insights as Yelp evolves its approach towards self-service and marketing channels. The company also announced its upcoming third quarter 2020 financial results.
Yelp Inc. (NYSE: YELP) reported its third-quarter financial results for 2020, reflecting resilience amid pandemic challenges. The company achieved positive year-over-year revenue growth in key areas: Home & Local Services and its Self-serve sales channel. CEO Jeremy Stoppelman expressed confidence in sustainable growth moving forward, supported by a strong balance sheet and enhanced sales efficiency. Additionally, Yelp announced the appointment of Tony Wells to its Board, expanding it to nine members. A live Q&A session regarding the financial results will be held today at 2:00 p.m. Pacific Time.
Yelp Inc. (NYSE: YELP) will announce its financial results for Q3 2020 on November 5, 2020, after the market closes. A press release will be issued alongside a Shareholder Letter, available on its investor relations website. Following this, Yelp will host a conference call at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can access the live and archived webcasts on the same site. This upcoming announcement is crucial for stakeholders monitoring Yelp's financial health and market performance.
Yelp Inc. is launching a new initiative called "Re-Empty the Nest" to support young adults moving out of their parents' homes during the ongoing economic challenges of the COVID-19 pandemic. The program offers $2,000 to select recipients to cover moving costs and related expenses. Yelp reports a significant increase in demand for moving and packing services, with quotes requested up 34% in San Francisco and 22% in New York. This effort aligns with Yelp's mission to connect consumers with local service professionals and facilitate transitions for young adults seeking independence.