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Jun 30, 2022
Yelp Q2 2022 Earnings Report
Yelp's Q2 2022 earnings demonstrated strong advertiser demand, resulting in record net revenue.
Key Takeaways
Yelp's Q2 2022 earnings showcased a 16% year-over-year increase in net revenue, reaching $299 million, and a net income of $8 million. The company's success was driven by its product-led strategy and consistent execution, leading to record highs in net revenue and paying advertising locations. Yelp raises full-year outlook to $1.18 billion to $1.20 billion of Net revenue and $265 million to $285 million of Adjusted EBITDA.
Net revenue increased by 16% year-over-year to $299 million.
Net income reached $8 million.
Adjusted EBITDA increased to $67 million.
Self-serve and Multi-location channels now comprise 49% of total Ad revenue.
Yelp
Yelp
Forward Guidance
Yelp raises full-year outlook to $1.18 billion to $1.20 billion of Net revenue and $265 million to $285 million of Adjusted EBITDA