CORRECTING and REPLACING Yelp Reports Second Quarter 2018 Financial Results
August 08 2018 - 5:12PM
Business Wire
Reports Net Revenue of $235 Million, Net Income
of $11 Million and Adjusted EBITDA of $47 Million
Advertising Revenue Growth Accelerates to 21%
over Second Quarter 2017
Record Paying Advertising Account Growth of
17,000 from First Quarter 2018
Third line of the subhead of release should
read: Record Paying Advertising Account Growth of 17,000 from First
Quarter 2018 (instead of Record Paying Advertising Account Growth
of 17,000 from First Quarter 2017)
The corrected release reads:
YELP REPORTS SECOND QUARTER 2018 FINANCIAL
RESULTS
Reports Net Revenue of $235 Million, Net Income
of $11 Million and Adjusted EBITDA of $47 Million
Advertising Revenue Growth Accelerates to 21%
over Second Quarter 2017
Record Paying Advertising Account Growth of
17,000 from First Quarter 2018
Yelp Inc. (NYSE: YELP), the company that connects people with
great local businesses, today posted its financial results for the
quarter ended June 30, 2018 in the Q2 2018 Shareholder Letter on
its Investor Relations website at www.yelp-ir.com.
“Second quarter results were once again driven by strong revenue
growth in our core Advertising business,” said Jeremy Stoppelman,
Yelp’s co-founder and chief executive officer. “We completed the
transition to selling non-term local advertising in the quarter,
which helped deliver record advertising account additions. Our
growth initiatives elsewhere also produced encouraging
results.”
Quarterly Conference Call
Yelp will host a live Q&A session today at 2:00 p.m. PT to
discuss the second quarter 2018 financial results. The webcast of
the Q&A can be accessed on the Yelp Investor Relations website
at www.yelp-ir.com. A replay of the webcast will be available at
the same website until August 16, 2018.
About Yelp
Yelp Inc. (www.yelp.com) connects people with great local
businesses. With unmatched local business information, photos and
review content, Yelp provides a platform for consumers to discover,
interact and transact with local businesses of all sizes. Yelp was
founded in San Francisco in July 2004.
Yelp intends to make future announcements of material financial
and other information through its Investor Relations website. Yelp
will also, from time to time, disclose this information through
press releases, filings with the Securities and Exchange
Commission, conference calls or webcasts, as required by applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180808005701/en/
Yelp Inc.Ron Clark415-568-3243Investor Relationsir@yelp.com
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