Yelp Q4/FY23: record rev $1.34B, net income +173%, adj EBITDA record; FY24 rev $1.42-1.44B, $500M buyback

YELP INC

2023-FY EPS reported $1.35 revenue$1,337,062,000

Q4 net revenue $342M (+11% YoY); net income $27M ($0.37 diluted) vs $20M in Q4 FY22.
FY23 net revenue record $1.34B (+12%); net income $99M (+173%); adj EBITDA $330M record (+23%).
Q4 adj EBITDA $96M (+19%), margin 28%; full-year adj EBITDA margin 25%.
FY24 guidance: net revenue $1.42B-$1.44B; adj EBITDA $315M-$335M.
Board authorized $500M increase to share repurchase program; repurchased $200M in FY23.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

YELP INC reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 15, 2024, Yelp Inc. (the “Company”) announced its financial results for the fourth quarter and full year ended December 31, 2023 by issuing a Letter to Shareholders (the “Letter”) and a press release.

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Source: SEC EDGAR

accession 0001345016-24-000004

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