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.
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Yelp (NYSE:YELP) has launched new features aimed at enhancing user experience and boosting consumer confidence in hiring local services. The highlight is Yelp Guaranteed, a satisfaction guarantee program that reimburses users up to
Yelp Inc. (NYSE: YELP) announced it will release its financial results for the quarter ended March 31, 2023 after market close on May 4, 2023.
The company will issue a press release when its Shareholder Letter is available on its investor relations website at www.yelp-ir.com. Following the release, a conference call will be hosted at 2:00 p.m. PT on the same day to discuss the results. This event will be accessible live and in archive form from the investor relations site.
Yelp connects consumers with local businesses, offering reviews and photos to assist in spending decisions.
Yelp has released its first Remote Work Report, showing significant changes in population migration and local business growth trends from 2019-2022. It reports a 25% decrease in search locations in states like Washington, D.C. and California, while states such as South Dakota and Mississippi see growth. Yelp's workforce has become more distributed, with a 300% increase in employees residing in Florida and Texas. Employee sentiment is largely positive towards remote work, with 87% favoring this arrangement. New business openings in home and local services have surpassed pre-pandemic levels in areas experiencing higher search activity.
Yelp Inc. (NYSE: YELP) reported record financial results for 2022, achieving net revenue of $1.2 billion, a 16% increase year-on-year. Net income stood at $36 million, despite a slight decrease from the previous year. Adjusted EBITDA rose to a record $270 million, reflecting a 23% margin. The company anticipates 2023 net revenue between $1.29 billion and $1.31 billion, with Adjusted EBITDA projected between $290 million and $310 million. Positive advertiser demand across various categories contributed to these results. Additionally, Yelp plans to maintain its investment strategy to support long-term shareholder value.
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