---
schema_version: "secwatch.filing_event.v1"
accession: "0001345016-23-000038"
form_type: "8-K"
ticker: "YELP"
cik: "0001345016"
company_name: "YELP INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:31:54.941257+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001345016-23-000038
- form_type: 8-K
- ticker: YELP
- cik: 0001345016
- company_name: YELP INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000038/0001345016-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000038/yelp-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001345016-23-000038
- JSON: https://secwatch.observer/filing/0001345016-23-000038.json
- Plain text: https://secwatch.observer/filing/0001345016-23-000038.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000038/0001345016-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.