earnings
confidence high
sentiment positive
materiality 0.80
Yelp Q1 2022 revenue $277M (+19% YoY), net loss narrows; full-year guidance raised
YELP INC
2022-Q1 EPS reported
-$0.01
revenue$276,628,000
- Net revenue $277M (+19% YoY), $7M above high end of Q1 outlook; Advertising revenue $263M (+19%).
- Net loss improved to ($1M) from ($6M); Adjusted EBITDA $48M (+10%, $3M above outlook).
- Services ad revenue record $160M (+14% YoY); RR&O ad revenue $103M (+27%), still 15% below pre-pandemic.
- Repurchased 1.5M shares for $50M in Q1; $182M remaining under authorization.
- Q2 revenue guided $280-290M; full-year revenue expected towards high end of $1.16-1.18B range; Adj. EBITDA $260-280M.