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Jun 30, 2020
Yelp Q2 2020 Earnings Report
Yelp's Q2 2020 financial results were reported, demonstrating business resilience despite economic headwinds.
Key Takeaways
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.
Net revenue for the second quarter of 2020 was $169 million.
Yelp experienced a net loss of $24 million in Q2 2020.
Adjusted EBITDA for the quarter was $11 million.
Cash and cash equivalents totaled $526 million as of June 30, 2020.
Yelp
Yelp
Forward Guidance
Yelp's forward-looking statements involve risks and uncertainties, with actual results potentially differing materially from predictions.
Challenges Ahead
- The duration and magnitude of the COVID-19 pandemic and measures implemented to help control its spread.
- The pace of reopening and recovery by local economies.
- Yelp’s ability to maintain and expand its base of advertisers, particularly as many businesses reduce spending on advertising in connection with COVID-19.
- Yelp’s limited operating history in an evolving industry.
- Yelp’s ability to generate sufficient revenue to regain profitability, particularly in light of the ongoing impact of COVID-19 and Yelp’s relief initiatives.