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Dec 31, 2022
Yelp Q4 2022 Earnings Report
Yelp's Q4 2022 financial results were released, showcasing record net revenue and strong advertiser demand.
Key Takeaways
Yelp's Q4 2022 results demonstrated strong performance, with record net revenue driven by advertising revenue from services businesses and efficient sales channels. The company also achieved record levels in the number of business locations advertising on Yelp and average spending per location.
Net revenue increased to $309.103 million compared to $273.400 million year over year.
Net income attributable to common stockholders was $20.145 million compared to $23.190 million year over year.
Adjusted EBITDA was $80.408 million compared to $68.118 million year over year.
The company expects 2023 Net revenue will be in the range of $1.29 billion to $1.31 billion.
Yelp
Yelp
Forward Guidance
The company expects 2023 Net revenue will be in the range of $1.29 billion to $1.31 billion as it continues executing on its strategic initiatives. The company also expects Adjusted EBITDA will be in the range of $290 million to $310 million.