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Mar 31, 2020
Yelp Q1 2020 Earnings Report
Yelp's Q1 2020 financial results were released, showing revenue growth despite the impact of the COVID-19 pandemic.
Key Takeaways
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.
Net revenue increased by 6% year-over-year, despite the impact of COVID-19 in March.
Net loss was $15.503 million for the quarter.
Adjusted EBITDA was $16.858 million.
The company had $491 million in cash, cash equivalents, and marketable securities as of March 31, 2020.
Yelp
Yelp
Forward Guidance
Yelp is confident that its diversified customer base, financial liquidity, and operational capabilities will enable it to weather the current crisis and emerge well-positioned to support local economies as they recover and return to growth.