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Mar 31, 2022
Yelp Q1 2022 Earnings Report
Yelp's first quarter 2022 results were driven by strategic initiatives.
Key Takeaways
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.
Net revenue reached a new quarterly high, increasing by 19% year over year.
The company is prioritizing investments in product development and marketing.
The strong start to the year was driven by the continued execution of long-term strategy.
First quarter results reflect the value being delivered to advertisers.
Yelp
Yelp
Forward Guidance
Yelp expects net revenue to come in towards the high end of its business outlook range for the full year.