Yelp Q1 revenue $361M (+1% YoY), net income down to $18M; reaffirms FY guidance

YELP INC

2026-Q1 EPS reported $0.30 revenue$361,457,000

Net revenue $361M (+1% YoY); net income $18M (5% margin) vs prior year decline.
Adjusted EBITDA $79M (-7% YoY, 22% margin); both topped Q1 outlook range.
Other revenue grew 75% YoY to a record $29M; targets $250M annual run rate by end of 2028.
Reaffirmed FY2026 outlook: net revenue $1.455-1.475B and Adjusted EBITDA $310-330M.
CEO cites AI transformation: 35+ product updates, new Yelp Assistant across all categories.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

YELP INC reported the first quarter ended March 31, 2026 results: revenue $361 million, net income $18 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2026
Revenue: $361 million
Net income: $18 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Yelp Reports First Quarter 2026 Results, Advances AI Transformation Net Revenue increased by 1% year over year to $361 million Net Income decreased from the prior year to $18 million, reflecting a 5% margin Adjusted EBITDA 1 decreased 7% year over year to $79 million, reflecting a 22% margin Reaffirms full-year 2026 outlook: Expects Net Revenue in the range of $1.455 billion to $1.475 billion and Adjusted EBITDA in the range of $310 million to $330 million 2

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accession 0001345016-26-000037

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