Yelp reports record ad revenue for fourth straight quarter, raises guidance [MarketWatch]
Yelp Inc. (YELP)
Last yelp inc. earnings: 2/13 04:05 pm
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Source: MarketWatch
While many social-media companies have reported a digital-advertising downturn, Yelp Inc. managed to fight through it and increase its expectations for the full year. Yelp YELP, produced record revenue for a fourth consecutive quarter, and Chief Financial Officer David Schwarzbach told MarketWatch on Thursday that the strong ad-sales trend has continued early in the current quarter. “We did see strong advertiser demand through July, driven by our high-intent, more-affluent audience and ad sales that are measurable by a click,” Schwarzbach said in an interview. Yelp reported second-quarter net income of $8 million, or 11 cents a share, compared with a net income of $4.2 million, or 5 cents a share, in the same quarter a year ago. Net revenue was $298.9 million, up 16% from $257.2 million last year. Analysts polled by FactSet expected a net loss of a penny a share on revenue of $284 million. Yelp shares gained about 5% in after-hours trading immediately following the release of
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YELP
News
- Yelp Inc. (NYSE: YELP) had its price target lowered by analysts at Craig Hallum from $55.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
- YELP Q1 Earnings Surpass Estimates, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Yelp Inc. (NYSE:YELP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Yelp Inc. (NYSE: YELP) had its price target lowered by analysts at Robert W. Baird from $44.00 to $39.00. They now have a "neutral" rating on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Yelp (YELP) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
YELP
Earnings
- 5/9/24 - Beat
YELP
Sec Filings
- 5/10/24 - Form S-3ASR
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- YELP's page on the SEC website