secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001345016-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000004/0001345016-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000004/yelp-20230206.htm
  HTML page:      https://secwatch.observer/filing/0001345016-23-000004

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