Yelp Q1 revenue up 7% to $333M, adjusted EBITDA beats; net income turns positive

YELP INC

2024-Q1 EPS reported $0.20 revenue$332,752,000

Net revenue $333M (+7% YoY); net income $14M ($0.20 diluted) vs loss of $1M in prior year.
Adjusted EBITDA $64M (+19% YoY), $12M above high end of outlook; margin 19%.
Services ad revenue $203M (+11%); Home Services +15%; RR&O +1% challenged.
Repurchased 1.5M shares for $62.5M at avg $40.95; $519M remaining authorization.
Full-year outlook: revenue $1.42-1.44B, adjusted EBITDA narrowed to $315-325M.

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 the first quarter ended March 31, 2024 results: revenue $333 million, net income $14 million, EPS $0.20 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $333 million
Net income: $14 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Net revenue was $333 million, up 7% from the first quarter of 2023 and consistent with our first quarter outlook range, driven primarily by growth in advertising revenue as we executed against our strategic initiatives. > Net income was $14 million, or $0.20 per diluted share, representing a net income margin of 4%, compared to net loss of ($1) million, or ($0.02) per diluted share, and a net loss margin of approximately zero in the first quarter of 2023.

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

YELP INC filing history →

Source: SEC EDGAR

accession 0001345016-24-000029

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.