secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001345016-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000004/0001345016-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000004/yelp-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001345016-24-000004

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