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. reports developments tied to its community-driven local platform, which connects consumers with local businesses through reviews, photos, business information, quote requests, restaurant bookings and other transactions. Company news commonly covers operating results, shareholder letters, advertising revenue trends, Services and Restaurants, Retail & Other activity, and management commentary on product investment.
Recurring updates also include Yelp’s AI transformation, including the AI-powered Yelp Assistant, business-owner support tools, booking integrations and data-licensing partnerships. Trust and safety announcements describe Yelp’s automated recommendation software, content policies, review filtering, account enforcement and moderation of business pages.
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.
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.