secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001345016-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000053/0001345016-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000053/yelp-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001345016-22-000053

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