Yelp Earnings Reports

Yelp delivered a strong third quarter in 2025, achieving record net revenue of $376 million, a 4% increase year-over-year. Net income also grew by 2% to $39 million, representing a 10% margin. Despite macro challenges, the company's Services segment continued to drive business performance, supported by strategic investments in AI transformation and disciplined expense management.

Yelp delivered a strong second quarter in 2025, achieving record net revenue of $370 million, a 4% increase year-over-year. Net income grew by 16% to $44 million, with an expanded net income margin of 12%. Adjusted EBITDA also saw significant growth, rising 10% to $100 million, reflecting a 27% margin. The company highlighted encouraging momentum from its AI initiatives, including Yelp Assistant and Yelp Host, and maintained a disciplined financial approach despite a moderating macroeconomic environment.

Yelp exceeded its first quarter expectations, reporting an 8% year-over-year increase in Net Revenue to $359 million. Net Income rose significantly by 72% to $24 million, while Adjusted EBITDA grew 32% to $85 million, reflecting a strong 24% margin.

Yelp delivered record net revenue and strong profitability in 2024, with net revenue reaching $362 million in Q4, up 6% year-over-year, and adjusted EBITDA of $101 million, up 5%. The company's strategic focus on Services drove double-digit revenue growth, while challenges in Restaurants, Retail & Other categories persisted. Yelp also continued to invest in product innovation, including AI-powered features, and repurchased $62.5 million in shares during Q4.

Yelp reported a 4% increase in net revenue, reaching $360 million. Net income stood at $38 million, representing an 11% margin. The company also announced an agreement to acquire RepairPal for $80 million in cash to expand its services offerings.

Yelp reported a 6% year-over-year increase in net revenue, reaching a record $357 million. Net income saw a substantial 158% increase to $38 million, representing an 11% margin. Adjusted EBITDA also grew by 9% year-over-year to $91 million, reflecting a 26% margin.

Yelp's Q1 2024 net revenue increased by 7% year-over-year to $333 million. Net income increased to $14 million, representing a 4% margin, and adjusted EBITDA grew 19% year-over-year to $64 million.

Yelp's Q4 2023 earnings showcase a robust financial performance, with net revenue reaching $342.38 million. The company's strategic focus on product-led initiatives and services categories drove growth, resulting in a record year for net revenue and a substantial increase in net income.

Yelp's Q3 2023 earnings showcased strong financial performance, with record net revenue of $345 million, a 12% year-over-year increase, and a significant 539% year-over-year increase in net income to $58 million. The company's adjusted EBITDA also reached a record $96 million, driven by growth in advertising revenue and a product-led strategy.

Yelp's Q2 2023 results showed strong growth, with net revenue increasing by 13% year-over-year to a record $337 million. Net income also saw significant growth, increasing by 84% year-over-year to $15 million. Adjusted EBITDA increased by 25% year-over-year to a record $84 million.

Yelp's Q1 2023 earnings revealed a 13% year-over-year increase in net revenue, reaching a record $312 million. The company's performance was driven by robust advertiser demand, particularly in the home services category, which saw revenue growth of approximately 25% year over year. Adjusted EBITDA increased by 12% year over year to $54 million.

Yelp's Q4 2022 results demonstrated strong performance, with record net revenue driven by advertising revenue from services businesses and efficient sales channels. The company also achieved record levels in the number of business locations advertising on Yelp and average spending per location.

Yelp reported a 15% year-over-year increase in net revenue, reaching a record $309 million in Q3 2022. The company's net income was $9 million, and adjusted EBITDA increased to a record $74 million. Yelp has narrowed its full-year outlook to $1.185 billion to $1.195 billion in net revenue and $265 million to $275 million in adjusted EBITDA. The Board of Directors has also authorized a $250 million increase to the stock repurchase program.

Yelp's Q2 2022 earnings showcased a 16% year-over-year increase in net revenue, reaching $299 million, and a net income of $8 million. The company's success was driven by its product-led strategy and consistent execution, leading to record highs in net revenue and paying advertising locations. Yelp raises full-year outlook to $1.18 billion to $1.20 billion of Net revenue and $265 million to $285 million of Adjusted EBITDA.

Yelp's first quarter net revenue increased by 19% year over year to $277 million. Net loss improved by $5 million year over year to ($1) million. Adjusted EBITDA increased by 10% year over year to $48 million.

Yelp's Q4 2021 financial results showed strong year-end performance, with net revenue surpassing pre-pandemic levels, driven by record advertising revenue from services categories and multi-location and self-serve channels.

Yelp reported a strong second quarter with a 52% year-over-year increase in net revenue, reaching $257 million. The company's Adjusted EBITDA also saw a substantial rise, and they raised their full-year outlook.

Yelp reported a decrease in net revenue to $232 million, but experienced a 159% year-over-year increase in Adjusted EBITDA, reaching $44 million. The company has raised its full year 2021 business outlook, expecting net revenue between $1 billion and $1.02 billion.

Yelp reported a net revenue of $233 million for Q4 2020. Net income increased by 23% compared to Q4 2019, reaching $21 million. The Adjusted EBITDA margin for the fourth quarter was 26%.

Yelp reported a 31% increase in net revenue from the second quarter to $221 million. The company experienced a net loss of $1 million, but Adjusted EBITDA increased significantly to $53 million. Cash and cash equivalents also saw a substantial increase, reaching $591 million.

Yelp reported a net revenue of $169 million and a net loss of $24 million for Q2 2020. The company's disciplined expense management contributed to an increase of $35 million in cash and cash equivalents.

Yelp's Q1 2020 net revenue grew by 6% compared to Q1 2019, reaching $249.901 million. The company reported a net loss of $15.503 million and an adjusted EBITDA of $16.858 million. As of March 31, 2020, Yelp had $491 million in cash, cash equivalents, and marketable securities.

Yelp's Q4 2019 net revenue increased by 10% year-over-year to $269 million. Net income was $17 million, and adjusted EBITDA grew to $61 million, a 15% increase compared to Q4 2018.