secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001345016-22-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000059/0001345016-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501622000059/yelp-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001345016-22-000059

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