Welcome to our dedicated page for Yelp news (Ticker: YELP), a resource for investors and traders seeking the latest updates and insights on Yelp stock.
Yelp Inc. (symbol: YELP) is a renowned player in the online content market based in the United States. The company is dedicated to connecting people with outstanding local businesses through its web-based platform and mobile application. Yelp users have contributed approximately 155 million reviews covering a broad spectrum of local businesses, from restaurants and boutiques to dentists and mechanics.
Yelp is designed to assist consumers by offering product reviews, tips, photos, and videos, which in turn help them make informed purchasing decisions and share their experiences. The platform brings the traditional 'word of mouth' online, giving consumers a voice and businesses a valuable feedback channel.
Core Business and Products:
- Advertising Products: Yelp generates a significant portion of its revenue from selling advertising space on its website and mobile app to local businesses. These ads help businesses attract more customers and grow their visibility.
- Business Page Products: These products allow businesses to enhance their Yelp profiles with additional features and visibility options, further engaging with potential customers.
In addition to these core offerings, Yelp allows direct transactions between consumers and businesses through its platform, simplifying the process for services such as reservations and food delivery.
Financial Health and Recent Achievements:
While the majority of Yelp's revenue is generated within the United States, the company's innovative approach and consistent updates demonstrate its commitment to maintaining a strong presence in the online content market. Recent improvements and features continue to enhance user engagement and satisfaction.
Partnerships and Projects: Yelp has formed strategic partnerships with various businesses to expand its offerings and improve customer experience. Through continuous innovation and user-centric enhancements, the company remains a pivotal resource for both consumers and businesses aiming to navigate the local market landscape efficiently.
Stay updated with the latest news and developments from Yelp Inc. as they continue to evolve and make significant strides in the online content space.
Yelp (NYSE: YELP) has announced its upcoming participation in the Morgan Stanley Technology, Media & Telecom Conference scheduled for March 5, 2025, at 2:30 p.m. Eastern Time. The presentation will be accessible through live and archived webcasts on Yelp's investor relations website, with the archived version remaining available for 180 days post-presentation.
Yelp is a community-driven platform founded in San Francisco in 2004 that connects consumers with local businesses. The platform provides trusted business information, reviews, and photos to help users make informed spending decisions. As a comprehensive local platform, Yelp facilitates various consumer-business interactions, including service quote requests and restaurant table bookings.
Yelp (NYSE: YELP) reported strong financial results for 2024, with net revenue reaching a record $1.41 billion and net income increasing 34% to $133 million. The company's services segment drove growth with advertising revenue up 11% to $879 million, while Restaurants, Retail & Other revenue decreased 3% to $470 million.
Key highlights include an 8% increase in Adjusted EBITDA to $358 million and the introduction of over 80 new features leveraging AI to enhance connections between consumers and service professionals. User engagement remained strong with 21 million new reviews added in 2024, bringing the total to 308 million reviews.
Looking ahead to 2025, Yelp projects net revenue between $1.470-1.485 billion and Adjusted EBITDA between $345-360 million. Despite a 5% decrease in total paying advertising locations, the company achieved record average revenue per location.
Yelp has released its 12th annual Top 100 Places to Eat in the U.S. for 2025, highlighting diverse culinary destinations nationwide. Holbox in Los Angeles, known for its Mexican seafood and led by Michelin-starred Chef Gilberto Cetina, secured the top spot with over 1,000 five-star reviews.
The list features restaurants from 23 states and 42 cities, with California leading with 37 establishments, followed by Texas (9) and Nevada (8). Asian cuisines dominate with 18 restaurants, while Latin American and Mediterranean venues follow with 15 and 10 spots respectively.
Notable trends include the rise of casual dining, with 80% of listed establishments priced under $30 per person. Since 2014, Yelp's list has recognized over 900 establishments across 400+ cities. The selection process involved analyzing millions of reviews and user nominations, considering ratings, review numbers, and submission volumes, with final rankings determined by Yelp's Community Managers.
Yelp has released its 2024 Trust & Safety Report, highlighting extensive measures to maintain platform integrity. The report reveals that out of 21 million reviews contributed in 2024, 78% were recommended by automated software, while 18% were not recommended, 3% were removed by the User Operations team, and 2% were self-removed.
Key actions included removing over 47,900 inappropriate reviews, closing 551,200 user accounts for policy violations, and rejecting 39,200 potential business pages for spammy behavior. The platform placed 120 Compensated Activity Alerts and 427 Suspicious Review Activity Alerts on business pages. A new Consumer Alerts History section was introduced to track various alerts on business pages.
The company removed 2.9 million photos violating policies (up 159% from 2023) and placed 920 Media Attention Alerts, resulting in 56,900 review removals. Notably, incidents related to politics saw a 96% increase in Unusual Activity Alerts.
Yelp (NYSE: YELP) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, February 13, 2025. The company will post a Shareholder Letter on its investor relations website at www.yelp-ir.com, followed by a webcasted conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.
Yelp is a community-driven platform connecting people with local businesses, providing business information, reviews, and photos to help inform consumer spending decisions. The platform facilitates service quote requests, restaurant table bookings, and other business transactions.
Yelp (NYSE: YELP) announced its end-of-year product release featuring over 20 new updates focused on enhancing user and business owner experiences. The key developments include:
AI-powered features such as Review Insights that analyze reviewer sentiment, a personalized home feed with expanded content types, and enhanced Yelp Assistant for connecting with service professionals. The Review Insights tool provides sentiment scores from 1-100 for various business aspects.
New features include tipping attributes for transparency in payment policies, integration with Apple Maps for quote requests, and AI-powered tools for business owners including smart selection for ad optimization and competitive insights for comparing performance with up to three competitors.
Yelp has completed its acquisition of RepairPal, an auto services platform, for $80 million in cash. Founded in 2007, RepairPal connects consumers with certified mechanics across the United States and partners with major companies like USAA, CarMax, and Endurance Vehicle Services. The acquisition strengthens Yelp's position in the local business services market, particularly in the automotive sector. TD Securities served as RepairPal's financial advisor, with Fenwick & West LLP and Cooley LLP acting as legal advisors for RepairPal and Yelp respectively.
Yelp reported its Q3 2024 financial results, showing a 4% increase in net revenue to $360 million and a net income of $38 million with an 11% margin. The adjusted EBITDA stood at $101 million, reflecting a 28% margin. The full-year outlook was adjusted to $1.397 billion to $1.402 billion in net revenue and $341 million to $346 million in adjusted EBITDA.
Yelp announced an agreement to acquire RepairPal for $80 million in cash, expected to close by year-end. CEO Jeremy Stoppelman highlighted a record advertising revenue from Services businesses, which grew by 11% year-over-year to $228 million, driven by a 15% increase in the Home Services category.
Yelp's CFO, David Schwarzbach, emphasized the company's disciplined expense management and strategic capital allocation. Yelp will host a live Q&A session to discuss these results and the outlook for Q4 and full-year 2024.
Yelp (NYSE: YELP) has scheduled its third quarter 2024 financial results announcement for Thursday, November 7, 2024, after market close. The company will post a Shareholder Letter on its investor relations website, followed by a webcasted conference call at 2:00 p.m. Pacific Time to discuss the quarterly results. The webcast will be available live and archived on Yelp's investor relations website at www.yelp-ir.com.
Yelp Inc. (NYSE: YELP), the platform connecting people with local businesses, has announced its participation in the Goldman Sachs Communacopia & Technology Conference on September 10, 2024 at 6:05 p.m. Eastern Time. The company will provide a live webcast of the presentation on its investor relations website, with an archived version available for 180 days post-event.
Yelp, founded in San Francisco in 2004, is a community-driven platform offering trusted local business information, reviews, and photos. It serves as a one-stop local platform for consumers to discover, connect, and transact with businesses across various categories, facilitating services like quote requests and restaurant bookings.
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