secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001345016-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yelp reports record FY2021 revenue of $1.03B, Q4 rev $273M (+17% YoY); guides FY2022 rev $1.16-1.18B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000016/0001345016-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000016/yelp-20220210.htm
  HTML page:      https://secwatch.observer/filing/0001345016-22-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer