Yelp (YELP) Q3 Earnings: Missed Earnings & Beat Revenue Estimates

Yelp Inc (YELP) is an American company that develops and markets the website and the Yelp mobile app, both of which publish crowd-sourced reviews about local businesses. The company serves customers in the United States, the United Kingdom, and Europe. Yelp was founded in 2004 and is headquartered in San Francisco.

Currently, Yelp has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.


1.) Missed earnings estimates. The company posted $-0.10, just missing our Zacks Consensus Estimate of $-0.09. Their reported figure excludes $0.01 from non-recurring items.

2.) Beat revenue estimates. The company saw revenue figures of $143.6million, beating our estimate of $142 million.

3.) Yelp reported a loss of $10.712 million for income operations compared to last year’s income operations figure of $4.544 million.

4.) “We executed well this quarter,” said Jeremy Stoppelman, Yelp’s chief executive officer. “Consumers are increasingly discovering our app, which represents approximately 70% of engagement across our entire ecosystem. We believe that our highly engaging app, combined with our native local advertising products that generate high ROI for our customers, strongly positions us to capture the large market opportunity.”

5.) YELP was up $0.48, or 2.18%, to $22.55 as of 5:24 PM ET in after hours trading shortly after its earnings report was released.

Here is a graph of Yelp’s recent EPS history:

Yelp Inc. (YELP – Snapshot Report) – Quarterly EPS | FindTheCompany

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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