Yelp Q2 record revenue $337M (+13% YoY); Adj EBITDA $84M (+25%); raises FY outlook

YELP INC

2023-Q2 EPS reported $0.19 revenue$649,564,000

Net revenue $337M (+13% YoY), record; net income $15M ($0.21 diluted), up 84% YoY.
Adjusted EBITDA $84M (+25% YoY), record; margin 25%, up 2 ppts YoY.
Advertising revenue $322M (+14%), with Services $200M (+15%) and RR&O $122M (+11%).
Self-serve and Multi-location channels reached 51% of ad revenue for first time.
Raised FY2023 guidance: net revenue $1.32-1.33B, adj EBITDA $310-320M; repurchased $50M shares.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

YELP INC reported the second quarter ended June 30, 2023 results: revenue $337 million, net income $15 million, EPS $0.21 per diluted share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $337 million
Net income: $15 million
EPS: $0.21 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Yelp’s Strong Execution Drove Record Net Revenue in the Second Quarter 2023 Second quarter Net Revenue increased by 13% year over year to a record $337 million Net Income increased by 84% year over year to a positive $15 million Adjusted EBITDA increased by 25% year over year to a record $84 million SAN FRANCISCO--(BUSINESS WIRE)--Aug.

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accession 0001345016-23-000038

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