earnings
confidence high
sentiment positive
materiality 0.80
Yelp reports record FY2021 revenue of $1.03B, Q4 rev $273M (+17% YoY); guides FY2022 rev $1.16-1.18B
YELP INC
2021-FY EPS reported
$0.50
revenue$1,031,839,000
- Full-year net revenue $1.03B, up 18% YoY; net income $40M vs loss in 2020; record Adjusted EBITDA $246M, margin 24%.
- Q4 net revenue $273M (+17% YoY); net income $23M ($0.30 diluted EPS); Adjusted EBITDA $68M, above guidance high end.
- FY2022 guidance: net revenue $1.16-1.18B, Adjusted EBITDA $260-280M; reaffirms profitable growth strategy.
- Repurchased $263M in shares during 2021 at avg $37.59; $232M remaining under authorization as of Dec 31, 2021.
- Services categories drove record ad revenue: Home Services up ~40% from 2019; Multi-location and Self-serve channels also record highs.