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Sep 30, 2023
Yelp Q3 2023 Earnings Report
Yelp's Q3 2023 earnings were marked by record net revenue and strong net income growth.
Key Takeaways
Yelp's Q3 2023 earnings showcased strong financial performance, with record net revenue of $345 million, a 12% year-over-year increase, and a significant 539% year-over-year increase in net income to $58 million. The company's adjusted EBITDA also reached a record $96 million, driven by growth in advertising revenue and a product-led strategy.
Net revenue reached a record $345 million, up 12% year-over-year.
Net income increased by 539% year-over-year to $58 million.
Adjusted EBITDA increased by 30% year-over-year to a record $96 million.
Advertising revenue in the services category reached a new high.
Yelp
Yelp
Forward Guidance
Yelp raises full-year outlook to $1.332 billion to $1.337 billion of Net Revenue and $319 million to $324 million of Adjusted EBITDA