Yelp Inc Stock Price, News & Analysis

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.

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.