Yelp will also, from time to time, disclose this information through press releases, filings with the Securities and Exchange Commission, conference calls, or webcasts, as required by applicable law. Yelp intends to make future announcements of material financial and other information through its Investor Relations website. Yelp was founded in San Francisco in 2004. As a one-stop local platform, Yelp helps consumers easily discover, connect and transact with businesses across a broad range of categories by making it easy to request a quote for a service, book a table at a restaurant, and more. Millions of people rely on Yelp for useful and trusted local business information, reviews and photos to help inform their spending decisions. ( ) is a community-driven platform that connects people with great local businesses. The webcast of the Q&A can be accessed on the Yelp Investor Relations website at A replay of the webcast will be available at the same website. Pacific Time to discuss the second quarter financial results and outlook for the third quarter and full year 2023. Yelp will host a live Q&A session today at 2:00 p.m. We believe the strategic investments we’ve made have positioned us well for continued profitable growth over the long term.” “We grew net revenue by 13% year over year to a record level, while also expanding net income margin and adjusted EBITDA margin by two percentage points each from the prior-year period. “Yelp’s second quarter results demonstrate the durability of our top-line growth while delivering healthy profitability,” said David Schwarzbach, Yelp’s chief financial officer. As we remain focused on enhancing our already strong product pipeline, we’re confident in our ability to gain market share and deliver long term shareholder value.” Self-serve and multi-location accounted for more than half of our advertising revenue for the first time, reaching a milestone that reflects our long-term strategy to drive growth through our most efficient advertising channels. Net revenue reached a new high driven by record advertising revenue across categories. “For the ninth consecutive quarter, we delivered double-digit growth. (NYSE: YELP), the company that connects people with great local businesses, today posted its financial results for the second quarter ended Jin the Q2 2023 Shareholder Letter available on its Investor Relations website at “Yelp's record-breaking top-line second quarter results are a testament to our increased product velocity and consistent execution across the company,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. Net Income increased by 84% year over year to a positive $15 millionĪdjusted EBITDA increased by 25% year over year to a record $84 million ![]() ![]() Second quarter Net Revenue increased by 13% year over year to a record $337 million
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