secwatch.observer — SEC 8-K summary
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Issuer:     YELP INC (YELP)
CIK:        0001345016
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001345016-26-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345016/000134501626000037/0001345016-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345016/000134501626000037/yelp-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001345016-26-000037

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