Yelp Q3 revenue record $309M (+15% YoY); net income down 50%; narrows FY outlook

YELP INC

2022-Q3 EPS reported $0.22 revenue$884,403,000

Record net revenue of $309M, up 15% YoY; net income of $9M vs $18M; diluted EPS $0.13 vs $0.23.
Adjusted EBITDA record $74M (+5% YoY); margin 24% vs 26% a year ago.
Services ad revenue $181M (+15% YoY) with Home Services growth accelerating to ~25% YoY.
Paying ad locations record 572k (+7% YoY); Self-serve and Multi-location revenue each up ~25%.
Full-year outlook narrowed: net revenue $1.185B-$1.195B, Adj. EBITDA $265M-$275M; $250M buyback increase authorized.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YELP INC reported third quarter ended September 30, 2022 results: revenue $309 million, net income $9 million, EPS $0.13 per diluted share. Guidance lowered.

Period: third quarter ended September 30, 2022
Revenue: $309 million
Net income: $9 million
EPS: $0.13 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

language in such filing. --- EX-99.1 (EX-99.1) --- Yelp Reports Record Net Revenue in the Third Quarter 2022 Third quarter Net revenue increased by 15% year over year to $309 million, resulting in Net income of $9 million Adjusted EBITDA increased to record $74 million Narrows full-year outlook to $1.185 billion to $1.195 billion of Net revenue and $265

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accession 0001345016-22-000059

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