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Mar 31, 2024
Yelp Q1 2024 Earnings Report
Yelp's first quarter 2024 results were driven by investments in services.
Key Takeaways
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.
Net revenue increased by 7% year-over-year to $333 million.
Net income increased from the prior year to $14 million, reflecting a 4% margin.
Adjusted EBITDA grew 19% year-over-year to $64 million.
Request-a-Quote projects increased approximately 20% year-over-year.
Yelp
Yelp
Forward Guidance
Yelp will host a live Q&A session today at 2:00 p.m. Pacific Time to discuss the first quarter financial results and outlook for the second quarter and full year 2024.