secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001345016-24-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000029/0001345016-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000029/yelp-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001345016-24-000029

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