secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001345016-23-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000038/0001345016-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000038/yelp-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001345016-23-000038

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