secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001345016-23-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yelp Q1 revenue $312M record, raises FY guidance; new $125M credit facility
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- Q1 net revenue record $312M (+13% YoY), $2M above outlook high end.
- Adjusted EBITDA $54M (+12% YoY); margin 17%.
- Services ad revenue $184M (+15% YoY); Home Services +25%.
- Raised FY2023 revenue guidance to $1.295-1.315B; adj. EBITDA $290-310M.
- New $125M revolving credit facility (5-year) replaces prior $75M facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000028/0001345016-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000028/yelp-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001345016-23-000028

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