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Dec 31, 2023
Yelp Q4 2023 Earnings Report
Yelp's Q4 2023 earnings reflect strong financial performance and strategic investments.
Key Takeaways
Yelp's Q4 2023 earnings showcase a robust financial performance, with net revenue reaching $342.38 million. The company's strategic focus on product-led initiatives and services categories drove growth, resulting in a record year for net revenue and a substantial increase in net income.
Net revenue increased by 12% year-over-year to $342.38 million.
Net income attributable to common stockholders was $27.41 million, or $0.37 per diluted share.
Total advertising revenue increased driven by strong advertiser demand.
Yelp introduced new products to enhance user experience, including AI-powered search and Yelp Guaranteed.
Yelp
Yelp
Forward Guidance
Yelp anticipates net revenue to range from $1.42 billion to $1.44 billion and Adjusted EBITDA to range from $315 million to $335 million in 2024.