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Dec 31, 2021
Yelp Q4 2021 Earnings Report
Yelp's business model transformation drove strong results.
Key Takeaways
Yelp's Q4 2021 financial results showed strong year-end performance, with net revenue surpassing pre-pandemic levels, driven by record advertising revenue from services categories and multi-location and self-serve channels.
Net revenue increased by 18% year over year and by 2% from Yelp’s pre-pandemic performance in 2019 to a record $1.03 billion.
Net income increased by $59 million year over year to positive $40 million.
Adjusted EBITDA increased by 76% year over year to a record $246 million.
Yelp’s elevated pace of product innovation supported record Advertising revenue from Services businesses, which increased by 18% year over year and 19% from 2019.
Yelp
Yelp
Forward Guidance
The company expects 2022 Net revenue will be in the range of $1.16 billion to $1.18 billion as it continues executing on its strategic initiatives. The company also expects Adjusted EBITDA will be in the range of $260 million to $280 million as it continues to invest behind its strategic initiatives.