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Jun 30, 2021
Yelp Q2 2021 Earnings Report
Yelp's revenue increased significantly, driven by strategic initiatives and product innovation.
Key Takeaways
Yelp reported a strong second quarter with a 52% year-over-year increase in net revenue, reaching $257 million. The company's Adjusted EBITDA also saw a substantial rise, and they raised their full-year outlook.
Net revenue grew 52% year-over-year to $257 million.
Net income was positive at $4 million.
Adjusted EBITDA increased by 473% year-over-year to a record $64 million.
Full year outlook raised to $1.01 billion to $1.03 billion of Net revenue and $200 million to $220 million of Adjusted EBITDA.
Yelp
Yelp
Forward Guidance
Yelp raises full year outlook to $1.01 billion to $1.03 billion of Net revenue and $200 million to $220 million of Adjusted EBITDA