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Sep 30, 2024
Yelp Q3 2024 Earnings Report
Yelp's Q3 2024 performance reflected a mix of growth and strategic investment.
Key Takeaways
Yelp reported a 4% increase in net revenue, reaching $360 million. Net income stood at $38 million, representing an 11% margin. The company also announced an agreement to acquire RepairPal for $80 million in cash to expand its services offerings.
Net Revenue increased by 4% to $360 million.
Net Income was $38 million, reflecting an 11% margin.
Adjusted EBITDA was $101 million, reflecting a 28% margin.
Yelp entered into an agreement to acquire RepairPal for $80 million in cash.
Yelp
Yelp
Forward Guidance
Yelp adjusted its full-year outlook to $1.397 billion to $1.402 billion of Net Revenue and $341 million to $346 million of Adjusted EBITDA.