Yelp Q2 net revenue $299M (+16% YoY); raises FY2022 outlook

YELP INC

2022-Q2 EPS reported $0.10 revenue$575,512,000

Net revenue $299M (record), up 16% YoY; net income $8M ($0.11 diluted EPS) vs $4M.
Adjusted EBITDA $67M, up 6% YoY, $12M above high end of Q2 guidance.
Record paying ad locations 569k (+8% YoY); Services ad revenue $174M (+14% YoY).
Raised FY2022 net revenue guidance to $1.18B-$1.20B; adjusted EBITDA to $265M-$285M.
Repurchased 1.6M shares for $50M; cash & equivalents $421M, no debt.

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