Yelp reports record revenue $1.19B in 2022, Q4 revenue +13%; adopts 1.4M share inducement plan

YELP INC

2022-FY EPS reported $0.50 revenue$1,193,506,000

Full year 2022 net revenue $1.19B (+16% YoY), net income $36M, adjusted EBITDA record $270M.
Q4 2022 revenue $309M (+13% YoY), adj. EBITDA $80M (+18% YoY, margin 26%), EPS $0.28 diluted.
Services ad revenue $694M, RR&O ad revenue $441M (+17%); Self-serve and Multi-location channels each grew ~25%.
FY2023 outlook: net revenue $1.29B-$1.31B, adj. EBITDA $290M-$310M.
Board adopted 2023 Inducement Award Plan reserving 1.4M shares for new hires.

item 2.02 item 5.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YELP INC updated its the fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).

Period: the fourth quarter and full year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 9, 2023, Yelp Inc. (the “Company”) announced its financial results for the fourth quarter and full year ended December 31, 2022 by issuing a Letter to Shareholders (the “Letter”) and a press release.

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Source: SEC EDGAR

accession 0001345016-23-000004

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