---
schema_version: "secwatch.filing_event.v1"
accession: "0001345016-26-000037"
form_type: "8-K"
ticker: "YELP"
cik: "0001345016"
company_name: "YELP INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:27:42.833406+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001345016-26-000037
- form_type: 8-K
- ticker: YELP
- cik: 0001345016
- company_name: YELP INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1345016/000134501626000037/0001345016-26-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1345016/000134501626000037/yelp-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001345016-26-000037
- JSON: https://secwatch.observer/filing/0001345016-26-000037.json
- Plain text: https://secwatch.observer/filing/0001345016-26-000037.txt

## Source-grounded claims
- claim_id: 9ce10694b464cbb19c431076c42442e9e5738166
  claim: YELP INC reported the first quarter ended March 31, 2026 results: revenue $361 million, net income $18 million. Guidance reaffirmed.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1345016/000134501626000037/0001345016-26-000037-index.htm

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