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 Inc. (NYSE:YELP) has released its inaugural environmental, social, and governance (ESG) report, highlighting its commitment to sustainability. The report details Yelp's Scope 1, 2, and 3 greenhouse gas emissions, showing a significant reduction since the company adopted remote work. The report also emphasizes Yelp's efforts in promoting diversity, supporting UN Sustainable Development Goals, and enhancing Trust & Safety on its platform. This step is viewed as a strategic move to quantify current impacts and outline future sustainability goals.
Yelp Inc. (NYSE: YELP) has announced that its management will present at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2022, at 3:40 p.m. Pacific Time. Interested parties can access a live webcast of the presentation through the company’s investor relations website, with the archived version available for 30 days post-event. Founded in July 2004, Yelp connects consumers with local businesses through reviews and other information.
The press release concerning YELP has been removed by the news provider. Key information and updates about YELP, including financial performance, strategic initiatives, and market insights, are currently unavailable. Investors and stakeholders should stay tuned for future announcements to gain clarity on YELP's operations and market position.
Yelp reported a 15% year-over-year increase in net revenue to $309 million for Q3 2022, achieving a net income of $9 million and an adjusted EBITDA of $74 million, marking a record high. The company narrowed its full-year revenue outlook to $1.185 billion - $1.195 billion and adjusted EBITDA to $265 million - $275 million. Additionally, the Board of Directors authorized a $250 million increase in the stock repurchase program. The strong performance was attributed to growth in the services category and efficient sales channels.
Yelp Inc. (NYSE: YELP) will release its financial results for the quarter ended September 30, 2022, after market close on November 3, 2022. A press release will accompany the Shareholder Letter posted on their investor relations website at www.yelp-ir.com. Following this, Yelp will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. The live and archived webcasts will also be available on their investor relations site.
Yelp Inc. (NYSE:YELP) released its Q3 2022 Economic Average report, highlighting a 22% increase in inflation mentions in reviews compared to Q3 2021. Food businesses and restaurants faced the largest inflationary pressures, with mentions up 31% and 28%, respectively. Increasing searches for budget-friendly dining options rose by 11% from the previous quarter. The Southwest region experienced the highest growth in inflation mentions, while inflation remains a nationwide concern, affecting consumer behavior significantly.
Yelp (NYSE: YELP) will present at the Goldman Sachs Communacopia and Technology Conference on September 15, 2022, at 9:15 a.m. Pacific Time. The live and archived webcasts will be accessible on their investor relations website. Yelp, founded in July 2004 in San Francisco, connects users with local businesses through trusted information, reviews, and various engagement features, facilitating requests for quotes, reservations, and purchases. For more details, visit www.yelp-ir.com.
Yelp reported a 16% year-over-year increase in net revenue for Q2 2022, totaling $299 million, with a net income of $8 million. Adjusted EBITDA rose to $67 million. The company raised its full-year revenue outlook to between $1.18 billion and $1.20 billion, and adjusted EBITDA expectations to $265 million to $285 million. Yelp's strategy to connect advertisers with a high-intent audience is reflected in record ad revenue and a significant share from self-serve and multi-location channels.
Yelp Inc. (NYSE: YELP) announced that its management will present at the KeyBanc Technology Leadership Forum on Tuesday, August 9, 2022, at 9:30 a.m. Pacific Time. The live and archived webcasts of this presentation will be accessible on the company's investor relations website for one year following the event. Founded in July 2004 in San Francisco, Yelp connects consumers with local businesses, offering trusted information, photos, and reviews to facilitate connections.
Yelp Inc. (NYSE: YELP) announced the release of its financial results for the quarter ended June 30, 2022, scheduled for August 4, 2022, after market close. A press release detailing the financial outcomes will follow on its investor relations website, www.yelp-ir.com. Additionally, Yelp will host a webcasted conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results.
FAQ
What is the current stock price of YELP (YELP)?
What is the market cap of YELP (YELP)?
What does Yelp Inc. do?
How does Yelp generate revenue?
What types of businesses can be found on Yelp?
How many reviews are on Yelp?
Can consumers transact with businesses on Yelp?
What is Yelp's core product offering?
Where does Yelp generate the majority of its revenue?
How does Yelp assist consumers?
What recent improvements has Yelp made?
What is the significance of Yelp's platform?
