---
schema_version: "secwatch.filing_event.v1"
accession: "0001345016-23-000053"
form_type: "8-K"
ticker: "YELP"
cik: "0001345016"
company_name: "YELP INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:38:48.559661+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Yelp reports record Q3 revenue of $345M (+12% YoY); net income up 539% to $58M; raises full-year guidance

## Summary
- Net revenue $345M, record; net income $58M ($0.79 diluted), up 539% YoY; adjusted EBITDA record $96M, +30%.
- Services ad revenue $206M (+14% YoY), Home Services grew ~20%; RR&O ad revenue $124M (+10%).
- Ad clicks +9% YoY, average CPC +4%; Self-serve revenue +25% YoY; Multi-location +10%.
- Raises FY2023 outlook: revenue $1.332-1.337B, adjusted EBITDA $319-324M; repurchased $50M in shares in Q3.
- Plans to shift compensation mix from equity to cash, reducing SBC to <8% of revenue by end of 2025.

## SEC filing metadata
- accession: 0001345016-23-000053
- form_type: 8-K
- ticker: YELP
- cik: 0001345016
- company_name: YELP INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000053/0001345016-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000053/yelp-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001345016-23-000053
- JSON: https://secwatch.observer/filing/0001345016-23-000053.json
- Plain text: https://secwatch.observer/filing/0001345016-23-000053.txt

## Key facts
- Earnings Releases
  YELP INC reported the third quarter ended September 30, 2023 results: revenue $345 million, net income $58 million, or $0.79 per diluted share, EPS $0.79 per diluted share. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $345 million
  - Net income: $58 million, or $0.79 per diluted share
  - EPS: $0.79 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: --- Yelp Drove Record Net Revenue in the Third Quarter 2023 as it Delivered More Value to Advertisers Third quarter Net Revenue increased by 12% year over year to a record $345 million Net Income increased by 539% year over year to a strong $58 million Adjusted EBITDA increased by 30% year over year to a record $96 million Raises full-year outlook to $1.332
  evidence_url: https://www.sec.gov/Archives/edgar/data/1345016/000134501623000053/0001345016-23-000053-index.htm

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