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) will release its financial results for the quarter and full year ended December 31, 2021, after market close on February 10, 2022. A press release, along with the Shareholder Letter, will be available on its investor relations website. Following this, Yelp will host a conference call at 2:00 p.m. Pacific Time to discuss the results. Investors can access both the live and archived webcasts on its website.
Yelp has announced a significant deposit of $100 million into the JP Morgan Empower money market. This initiative aims to enhance economic opportunities for underserved communities, particularly supporting Black-owned banking institutions. Additionally, Yelp has released its inaugural SASB report, demonstrating its commitment to responsible and sustainable practices.
Yelp Inc. (NYSE: YELP) will present at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 7:45 a.m. Pacific Time. The presentation will feature insights into Yelp's platform that connects users with local businesses. Investors can access both live and archived webcasts of the presentation on the company’s investor relations website, www.yelp-ir.com, which will be available for 90 days following the event.
Yelp has launched two new advertising products: Sponsored Collections and Seasonal Spotlight Ads. Sponsored Collections allow brands to showcase local businesses around a common theme, partnering with Yelp for localized marketing, while Seasonal Spotlight Ads help brands drive in-store traffic during holiday seasons. Kraft Heinz has begun a campaign using both products, highlighting local businesses in 25 cities. Yelp's advertising strategy aims to create meaningful connections for national brands with local audiences, enhancing their visibility and driving consumer engagement.
Yelp reported a strong third quarter 2021, with net revenue increasing by 22% year-over-year to $269 million. The company achieved a net income of $18 million and a record Adjusted EBITDA of $71 million, up 34% year-over-year. Yelp has narrowed its full-year net revenue outlook to between $1.02 billion and $1.03 billion and raised its Adjusted EBITDA outlook to range from $233 million to $243 million. The company's effective strategic initiatives and product innovations are highlighted, ensuring sustained focus on delivering value.
Yelp Inc. (NYSE: YELP) is set to release its financial results for the quarter ending September 30, 2021 on November 4, 2021, after market close. A press release will follow the posting of the Shareholder Letter on their investor relations site, www.yelp-ir.com. Additionally, a conference call will be held at 2:00 p.m. Pacific Time to discuss the third quarter results. Yelp connects consumers with local businesses, offering a platform for quotes, reservations, and transactions.
Yelp has launched a collaboration with home decor brand Chasing Paper to create three unique wallpaper prints featuring popular small businesses from New York City, San Francisco, and Austin. The wallpaper is priced starting at $90, with Yelp covering installation costs for the first 30 buyers. Proceeds will support nonprofits aiding local entrepreneurs. The initiative reflects a 359% surge in interest for wallpaper installation, demonstrating Yelp's commitment to small business promotion and community support.
Yelp Inc. (NYSE: YELP) has announced its participation in Citi’s 2021 Virtual Global Technology Conference, scheduled for September 14, 2021, at 10:00 a.m. Pacific Time. The management will present insights into the company's performance and future outlook. Interested investors can access the live and archived webcasts on Yelp's investor relations website, www.yelp-ir.com. The archived presentation will be available for one year following the event.
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?
