Yelp Inc Stock Price, News & Analysis

Yelp has launched two new advertising products: Sponsored Collections and Seasonal Spotlight Ads. Sponsored Collections allow brands to showcase local businesses around a common theme, partnering with Yelp for localized marketing, while Seasonal Spotlight Ads help brands drive in-store traffic during holiday seasons. Kraft Heinz has begun a campaign using both products, highlighting local businesses in 25 cities. Yelp's advertising strategy aims to create meaningful connections for national brands with local audiences, enhancing their visibility and driving consumer engagement.

Yelp reported a strong third quarter 2021, with net revenue increasing by 22% year-over-year to $269 million. The company achieved a net income of $18 million and a record Adjusted EBITDA of $71 million, up 34% year-over-year. Yelp has narrowed its full-year net revenue outlook to between $1.02 billion and $1.03 billion and raised its Adjusted EBITDA outlook to range from $233 million to $243 million. The company's effective strategic initiatives and product innovations are highlighted, ensuring sustained focus on delivering value.

Yelp Inc. (NYSE: YELP) is set to release its financial results for the quarter ending September 30, 2021 on November 4, 2021, after market close. A press release will follow the posting of the Shareholder Letter on their investor relations site, www.yelp-ir.com. Additionally, a conference call will be held at 2:00 p.m. Pacific Time to discuss the third quarter results. Yelp connects consumers with local businesses, offering a platform for quotes, reservations, and transactions.

Yelp has launched a collaboration with home decor brand Chasing Paper to create three unique wallpaper prints featuring popular small businesses from New York City, San Francisco, and Austin. The wallpaper is priced starting at $90, with Yelp covering installation costs for the first 30 buyers. Proceeds will support nonprofits aiding local entrepreneurs. The initiative reflects a 359% surge in interest for wallpaper installation, demonstrating Yelp's commitment to small business promotion and community support.

Yelp Inc. (NYSE: YELP) has announced its participation in Citi’s 2021 Virtual Global Technology Conference, scheduled for September 14, 2021, at 10:00 a.m. Pacific Time. The management will present insights into the company's performance and future outlook. Interested investors can access the live and archived webcasts on Yelp's investor relations website, www.yelp-ir.com. The archived presentation will be available for one year following the event.

Yelp has declared August 26 as “Make It Happen Day” in Texas, introducing a $100,000 fund to assist small businesses and residents with necessary repairs. The fund will support improvement projects for selected small businesses, including the Comfort Cafe in San Antonio, which suffered flood damage. Additionally, 50 Texans can win $1,000 towards home projects through Yelp's services by submitting quotes. Yelp will also donate $10,000 to five local businesses needing repairs, demonstrating their commitment to aiding the community in overcoming challenges faced due to COVID-19 and other disasters.

Yelp Inc. (NYSE: YELP) reported strong financial results for Q2 2021, achieving 52% year-over-year revenue growth and record Adjusted EBITDA. CEO Jeremy Stoppelman noted significant progress on product innovations and advertising revenue growth from Services categories and self-serve channels. This consistent execution of their strategic initiatives has strengthened Yelp's business structure. As a result, CFO David Schwarzbach announced an increased full-year outlook, emphasizing potential long-term shareholder value.

Yelp (NYSE: YELP) will present at the KeyBanc Technology Leadership Forum on August 12, 2021, at 9:40 a.m. PT. Investors can access a live and archived webcast of the presentation on Yelp's investor relations website.

Yelp connects consumers with local businesses, providing essential information, reviews, and options for engagement. Founded in San Francisco in July 2004, Yelp continues to enhance consumer interactions with local services.