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Dec 31, 2019
Yelp Q4 2019 Earnings Report
Yelp's Q4 2019 financial results were reported, showing a 10% increase in net revenue compared to the prior year.
Key Takeaways
Yelp's Q4 2019 net revenue increased by 10% year-over-year to $269 million. Net income was $17 million, and adjusted EBITDA grew to $61 million, a 15% increase compared to Q4 2018.
Net revenue grew 10% in Q4 2019 compared to the prior year, reaching $269 million.
Net income was $17 million, or $0.24 per diluted share, compared to $32 million, or $0.37 per diluted share, in Q4 2018.
Adjusted EBITDA grew to $61 million, a 15% increase compared to Q4 2018, with adjusted EBITDA margin increasing to 23%.
The Board authorized a $250 million increase to the stock repurchase program.
Yelp
Yelp
Forward Guidance
Yelp expects to accelerate revenue growth and expand margins again in 2020. Specifically, the company expects Net revenue to grow 10-12% compared to 2019, with Adjusted EBITDA margin increasing by 1-2 percentage points compared to 2019