Yelp Q3 revenue $269M (+22% YoY); raises FY adjusted EBITDA outlook to $233M-$243M

YELP INC

2021-Q3 EPS reported $0.21 revenue$758,439,000

Net revenue $269M, up 22% YoY; net income $18M ($0.23 diluted EPS) vs. loss of $1M a year ago.
Record adjusted EBITDA of $71M (26% margin), up 34% YoY; $16M above high end of outlook.
Services ad revenue $157M (+18% YoY); Restaurants/Retail/Other ad revenue $100M (+28% YoY).
Full-year revenue outlook narrowed to $1.02B-$1.03B; adjusted EBITDA raised to $233M-$243M.
Returned $224M to shareholders via buybacks since Q4 2020; $295M remaining in authorization.

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