secwatch.observer — SEC 8-K summary
======================================

Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001345016-24-000057
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yelp Q3 net revenue $360M (+4% YoY); acquires RepairPal for $80M cash
---------------------------------------------------------------------

- Net revenue $360M, up 4% YoY; net income $38M ($0.56 diluted EPS) down from $58M.
- Adjusted EBITDA $101M (28% margin), up 5% YoY and $14M above outlook high end.
- Services advertising revenue $228M, up 11% YoY (record); Home Services grew ~15%.
- Acquiring RepairPal for $80M cash; expected close by end of 2024; RepairPal generated ~$30M revenue.
- FY2024 guidance: net revenue $1.397B-$1.402B, adjusted EBITDA $341M-$346M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000057/0001345016-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501624000057/yelp-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001345016-24-000057

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