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Sep 30, 2020
Yelp Q3 2020 Earnings Report
Yelp's Q3 2020 financial results demonstrated resilience with revenue growth and increased efficiency.
Key Takeaways
Yelp reported a 31% increase in net revenue from the second quarter to $221 million. The company experienced a net loss of $1 million, but Adjusted EBITDA increased significantly to $53 million. Cash and cash equivalents also saw a substantial increase, reaching $591 million.
Net revenue increased by 31% from the previous quarter, reaching $221 million.
Net loss was $1 million for the quarter.
Adjusted EBITDA rose by $42 million from the second quarter to $53 million.
Cash and cash equivalents increased by $65 million to $591 million.
Yelp
Yelp
Forward Guidance
Yelp is confident in its ability to return to sustainable growth in the new year, while still managing the impacts of the pandemic.