secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001345016-23-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000053/0001345016-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501623000053/yelp-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001345016-23-000053

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