---
schema_version: "secwatch.filing_event.v1"
accession: "0001345016-24-000029"
form_type: "8-K"
ticker: "YELP"
cik: "0001345016"
company_name: "YELP INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:12:44.388024+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001345016-24-000029
- form_type: 8-K
- ticker: YELP
- cik: 0001345016
- company_name: YELP INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1345016/000134501624000029/0001345016-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1345016/000134501624000029/yelp-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001345016-24-000029
- JSON: https://secwatch.observer/filing/0001345016-24-000029.json
- Plain text: https://secwatch.observer/filing/0001345016-24-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1345016/000134501624000029/0001345016-24-000029-index.htm

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