12/15/2023 0 Comments Yelp earnings dateShares of YELP have fallen 13.1% in the past year. Yelp currently carries a Zacks Rank #3 (Hold). The adjusted EBITDA is anticipated in the range of $265 million to $285 million. The company estimates revenues between $1.18 billion and $1.20 billion. Management plans to increase strategic investments in the third quarter, as a result of which, adjusted EBITDA is expected to be $65-$75 million. Guidanceįor the third quarter of 2022, Yelp projects revenues between $300 million and $310 million. Balance Sheet & Cash FlowĪs of Jun 30, 2022, Yelp’s cash & cash equivalents were $421.2 million without any debt.ĭuring the second quarter and first six months of 2022, the company generated operating cash flow of $18 million and $78.2 million, respectively.ĭuring the second quarter and first six months of 2022, the company repurchased shares worth $50 million and $100 million, respectively. However, the adjusted EBITDA margin contracted 200 bps from the year-ago quarter’s 25% to 23%. Yelp’s first-quarter adjusted EBITDA increased 5% year over year to $67 million. Total costs and expenses flared up 10% year over year to $283 million, reflecting the company’s continued investments in its long-term growth initiatives. The surge in this segment’s revenues reflects benefits from the strong adoption of its Yelp Fusion program, which was introduced in May 2020. Other revenues jumped 31% to $11 million as the company reduced relief incentives to the pandemic’s most affected customers in the form of waived fees. Transaction revenues were $4 million in the second quarter, up 12% year over year due to an increase in the per-order transaction fee from Grubhub, partially offset by lower food take-out and delivery order volumes, as several restaurants resumed and increased their dine-in operations. Restaurants, Retail & Other revenues climbed 18.2% to $109.2 million. Within Advertising, Services revenues grew 14.3% year over year to $174.3 million. Paying Advertising Locations for Restaurants, Retail & Other categories were up 14,000 from the first quarter, primarily driven by the relaxed pandemic-related restrictions. Within key categories, Paying Advertising Locations for Services business increased 9,000 from the first quarter of 2022. price-consensus-eps-surprise-chart | Yelp Inc. was incorporated in 2004 and is headquartered in San Francisco, California.Yelp Inc. It has strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. Further, the company offers its products directly through its sales force indirectly through partners and online through its website, as well as non-advertising partner arrangements. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. The company also offers other services comprising Yelp Reservations that provide online reservations for restaurants, nightlife, and other venues directly from their Yelp business pages Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location Ad products, as well as enables businesses to deliver targeted search advertising to local audiences and business listing page products. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. operates a platform that connects consumers with local businesses in the United States and internationally.
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