Yelp commits $25M to local restaurants in waived fees and free services as its data shows US consumer interest in restaurants fell by 54% over the past week
Yelp announced this morning that it's making a number of changes in response to the COVID-19 pandemic.
Yelp reported Q3 revenue of $262.4M vs. $262.2M expected, up 9% YoY, and says it expects a growth of 11% to 13% YoY in Q4 revenue; stock closes up 15%+
William Feuer / CNBC :
Yelp reported Q3 revenue of $262.4M vs. $262.2M expected, up 9% YoY, and says it expects a growth of 11% to 13% YoY in Q4 revenue; stock closes up 15%+
- While the company's fourth-quarter guidance fell below expectations, it appears to be better than investors feared as the app faces increasing competition from Google.
Yelp's stock rose 26%+ after the company reported Q2 revenue of $226M, up 21% YoY, and record growth in paying advertising accounts
Aisha Al-Muslim / Wall Street Journal :
Yelp meets Q4 estimates with $194.8M in revenue, up 27% YoY, but Q1 guidance is lower than expected; stock down 7%+
Anita Balakrishnan / CNBC :
Yelp Q1 revenue up 34% YoY to $158.6M, beating estimates; shares up 18%
Yelp's Solid Quarterly Results Push Stock Higher — Yelp's getting a good review for its latest quarter. — The local business ratings and reviews site beat Wall Street estimates on both the top and...
Yelp stock drops 28% following grim earnings; company cites rising talent costs amid competition with “unicorns”
Yelp Admits the Unicorn Bubble Is Hurting Its Profits — Yelp debuted “surprise losses” on its earnings yesterday, causing its stock to plummet 28 percent by the next day.