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Mar 31, 2021
Yelp Q1 2021 Earnings Report
Yelp's first quarter results were released, showing a decrease in net revenue but a significant increase in Adjusted EBITDA.
Key Takeaways
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.
Net revenue for the first quarter was $232 million.
Net loss was $6 million.
Adjusted EBITDA increased by 159% year-over-year to $44 million.
Full year 2021 business outlook raised, expecting $1 billion to $1.02 billion of net revenue.
Yelp
Yelp
Forward Guidance
Yelp anticipates net revenue between $1 billion and $1.02 billion and Adjusted EBITDA between $175 million and $195 million for the full year 2021.