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Jun 30, 2024
Yelp Q2 2024 Earnings Report
Yelp's Q2 2024 earnings were marked by record net revenue and strong profitability.
Key Takeaways
Yelp reported a 6% year-over-year increase in net revenue, reaching a record $357 million. Net income saw a substantial 158% increase to $38 million, representing an 11% margin. Adjusted EBITDA also grew by 9% year-over-year to $91 million, reflecting a 26% margin.
Yelp achieved record net revenue in Q2 2024, driven by the execution of their product-led strategy.
Net revenue increased by 6% year-over-year to $357 million.
Net income increased by 158% year-over-year to $38 million, reflecting an 11% margin.
Adjusted EBITDA grew 9% year-over-year to $91 million, reflecting a 26% margin.
Yelp
Yelp
Forward Guidance
Yelp adjusted its full-year outlook to $1.410 billion to $1.425 billion of Net Revenue and $325 million to $335 million of Adjusted EBITDA.