secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001345016-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yelp records $357M revenue (+6% YoY), net income $38M (+158%); lowers FY revenue guidance by $12.5M midpoint
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- Net revenue record $357M (+6% YoY); net income $38M (+158% YoY); diluted EPS $0.54 vs $0.21.
- Adjusted EBITDA $91M (+9% YoY), margin 26%; services revenue +11%, Home Services ~+15%.
- RR&O revenue -3% YoY; paying advertising locations fell 6% to 531k.
- FY2024 revenue guidance lowered to $1.410B-$1.425B (midpoint down $12.5M); adj. EBITDA guidance raised to $325M-$335M (midpoint up $10M).
- Repurchased 1.7M shares for $63.4M at avg $37.94; $456M remaining under authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000049/0001345016-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000049/yelp-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001345016-24-000049

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