earnings
confidence high
sentiment positive
materiality 0.80
Yelp Q2 2021: Revenue $257M (+52% YoY), Record Adj. EBITDA $64M, Guidance Raised
YELP INC
2021-Q2 EPS reported
-$0.02
revenue$489,284,000
- Net revenue $257M (+52% YoY); net income $4M vs loss $24M in Q2 2020.
- Adjusted EBITDA $64M record (+473% YoY, 25% margin); FY21 outlook raised: revenue $1.01B-$1.03B, Adj. EBITDA $200-220M.
- Board authorized $250M stock repurchase increase; total remaining buyback authorization $345M.
- Paying advertising locations 528k (+40% YoY); Services ad revenue 23% above Q2 2019 level.
- Ad clicks +87% YoY, avg CPC -20%; Self-serve revenue nearly doubled YoY and up ~70% vs Q2 2019.