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-0.0044785047111211 -0.0044785047111211 -0.0044785047111211 0.00146727266220526 -0.00256644904678401 -0.00296522001421258 -0.0127862331992168 -0.00370652501776576
Stock impact report

Yelp Earnings Top Estimates on Surprisingly Strong Local Advertising [MarketWatch]

Booking Holdings Inc. (BKNG) 
Last booking holdings inc. earnings: 2/26 04:04 pm Check Earnings Report
Company Research Source: MarketWatch
The strong results are in contrast to generally weaker growth at companies like Meta and Snap, which saw advertisers shift to alternative ad platforms. For the quarter, Yelp (ticker: YELP) posted revenue of $299 million, up 16% from a year earlier, and ahead of both the company's guidance range of $280 million to $290 million , and Street consensus at $284 million. Adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, was $67 million, likewise above both the guidance range of $45 million to $55 million, and Street consensus at $51 million. The company earned 11 cents a share in the quarter, while the Street had expected a loss of a penny a share. Yelp's guidance was also strong. For the third quarter, Yelp sees revenue of $300 million to $310 million, with adjusted Ebitda of $65 million to $75 million; data from FactSet shows previous Street consensus called for $293 million in revenue and $72 million in Ebitda. For the full year, Yelp now sees Show less Read more
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