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Jun 30, 2023
Yelp Q2 2023 Earnings Report
Yelp's Q2 2023 earnings were marked by record net revenue and increased profitability.
Key Takeaways
Yelp's Q2 2023 results showed strong growth, with net revenue increasing by 13% year-over-year to a record $337 million. Net income also saw significant growth, increasing by 84% year-over-year to $15 million. Adjusted EBITDA increased by 25% year-over-year to a record $84 million.
Yelp's net revenue reached a record $337 million, a 13% increase year-over-year.
Net income increased by 84% year-over-year to $15 million.
Adjusted EBITDA increased by 25% year-over-year to a record $84 million.
Self-serve and multi-location accounted for more than half of advertising revenue.
Yelp
Yelp
Forward Guidance
Yelp anticipates continued profitable growth, driven by strategic investments and a focus on enhancing the product pipeline.