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 has released its annual Trust & Safety Report for 2022, highlighting extensive measures to combat deceptive review behaviors. Key findings include the closure of over 77,400 user accounts and the removal of more than 206,700 reviews violating guidelines. Yelp reported a total of approximately 21 million reviews, with 75% recommended by its automated systems. Furthermore, the company issued over 415 warnings to businesses for incentivized reviews and filed more than 1,100 reports to other platforms regarding suspicious activities. Yelp continues to prioritize user trust and safety through significant investments in technology and human moderation.
Yelp Inc. (NYSE: YELP) has announced its financial results for the quarter and full year ended December 31, 2022 will be released after market close on February 9, 2023. A press release will be available on its investor relations website, www.yelp-ir.com. Following this, a webcasted conference call discussing these results will take place at 2:00 p.m. PT (5:00 p.m. ET) the same day. This event will provide insights into Yelp's financial performance for the fourth quarter and full year, essential for investors and stakeholders.
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Yelp Inc. (NYSE:YELP) has released its inaugural environmental, social, and governance (ESG) report, highlighting its commitment to sustainability. The report details Yelp's Scope 1, 2, and 3 greenhouse gas emissions, showing a significant reduction since the company adopted remote work. The report also emphasizes Yelp's efforts in promoting diversity, supporting UN Sustainable Development Goals, and enhancing Trust & Safety on its platform. This step is viewed as a strategic move to quantify current impacts and outline future sustainability goals.
Yelp Inc. (NYSE: YELP) has announced that its management will present at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022, at 3:40 p.m. Pacific Time. Interested parties can access a live webcast of the presentation through the company’s investor relations website, with the archived version available for 30 days post-event. Founded in July 2004, Yelp connects consumers with local businesses through reviews and other information.
Yelp reported a 15% year-over-year increase in net revenue to $309 million for Q3 2022, achieving a net income of $9 million and an adjusted EBITDA of $74 million, marking a record high. The company narrowed its full-year revenue outlook to $1.185 billion - $1.195 billion and adjusted EBITDA to $265 million - $275 million. Additionally, the Board of Directors authorized a $250 million increase in the stock repurchase program. The strong performance was attributed to growth in the services category and efficient sales channels.
Yelp Inc. (NYSE: YELP) will release its financial results for the quarter ended September 30, 2022, after market close on November 3, 2022. A press release will accompany the Shareholder Letter posted on their investor relations website at www.yelp-ir.com. Following this, Yelp will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The live and archived webcasts will also be available on their investor relations site.
Yelp Inc. (NYSE:YELP) released its Q3 2022 Economic Average report, highlighting a 22% increase in inflation mentions in reviews compared to Q3 2021. Food businesses and restaurants faced the largest inflationary pressures, with mentions up 31% and 28%, respectively. Increasing searches for budget-friendly dining options rose by 11% from the previous quarter. The Southwest region experienced the highest growth in inflation mentions, while inflation remains a nationwide concern, affecting consumer behavior significantly.
Yelp (NYSE: YELP) will present at the Goldman Sachs Communacopia and Technology Conference on September 15, 2022, at 9:15 a.m. Pacific Time. The live and archived webcasts will be accessible on their investor relations website. Yelp, founded in July 2004 in San Francisco, connects users with local businesses through trusted information, reviews, and various engagement features, facilitating requests for quotes, reservations, and purchases. For more details, visit www.yelp-ir.com.
Yelp reported a 16% year-over-year increase in net revenue for Q2 2022, totaling $299 million, with a net income of $8 million. Adjusted EBITDA rose to $67 million. The company raised its full-year revenue outlook to between $1.18 billion and $1.20 billion, and adjusted EBITDA expectations to $265 million to $285 million. Yelp's strategy to connect advertisers with a high-intent audience is reflected in record ad revenue and a significant share from self-serve and multi-location channels.
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