Yelp Inc Stock Price, News & Analysis

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.

Yelp Inc. (NYSE: YELP) will present at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 7:45 a.m. Pacific Time. The presentation will feature insights into Yelp's platform that connects users with local businesses. Investors can access both live and archived webcasts of the presentation on the company’s investor relations website, www.yelp-ir.com, which will be available for 90 days following the event.

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.