Yelp Inc Stock Price, News & Analysis

Yelp Inc. reported a strong Q1 2022, with Net Revenue rising 19% year-over-year to $277 million. The Net Loss improved to ($1) million, a $5 million enhancement compared to last year. Adjusted EBITDA also increased by 10% year-over-year to $48 million. CEO Jeremy Stoppelman attributed these results to robust demand for Yelp’s advertising products, leading to more businesses advertising and increased spending per location. Yelp expects to meet the higher end of its revenue outlook for the full year, emphasizing ongoing investment in profitable growth areas.

Yelp Inc. (NYSE: YELP) announced it will release its financial results for Q1 2022 on May 5, 2022, after market closure. Investors can expect a press release detailing the Shareholder Letter on their investor relations website at www.yelp-ir.com. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results, with live and archived webcasts available from the same site. This event marks an important opportunity for investors to gain insights into Yelp's financial health and operational updates.

Yelp Inc. has announced the appointment of Chris Terrill to its Board of Directors, effective immediately. Terrill, a seasoned internet executive and former CEO of ANGI Homeservices, brings extensive experience in building online marketplaces connecting consumers with local services. He replaces Brian Sharples, who steps down on June 2, 2022. Yelp's CEO, Jeremy Stoppelman, highlighted Terrill's expertise as a key asset for enhancing Yelp's service offerings. The company continues its strategy to build long-term shareholder value.

Yelp Inc. (NYSE: YELP) announced that its management will present at the BMO Digital Advertising Summit on Thursday, March 3, 2022, at 8:00 a.m. Pacific Time. The presentation will be accessible via live and archived webcasts on the company's investor relations website, www.yelp-ir.com, with the archived version available for 90 days post-event. Yelp connects consumers with local businesses through trusted information and reviews, enhancing the interaction and transaction experience.

Yelp Inc. reported strong financial results for 2021, with net revenue reaching $1.03 billion, an 18% year-over-year increase. The company's net income grew to $40 million, with Adjusted EBITDA rising to a record $246 million. Yelp forecasts 2022 net revenue between $1.16 billion and $1.18 billion, alongside an Adjusted EBITDA of $260 million to $280 million. The results highlight Yelp's recovery post-pandemic, driven by robust advertising revenue from services and innovative product offerings.

Yelp Inc. (NYSE: YELP) will release its financial results for the quarter and full year ended December 31, 2021, after market close on February 10, 2022. A press release, along with the Shareholder Letter, will be available on its investor relations website. Following this, Yelp will host a conference call at 2:00 p.m. Pacific Time to discuss the results. Investors can access both the live and archived webcasts on its website.

Yelp has announced a significant deposit of $100 million into the JP Morgan Empower money market. This initiative aims to enhance economic opportunities for underserved communities, particularly supporting Black-owned banking institutions. Additionally, Yelp has released its inaugural SASB report, demonstrating its commitment to responsible and sustainable practices.