YELP Delivers Strong Revenue In Its First Ever Earnings Report

Yelp CEO Jeremy Stoppelman

Photo: Business Insider

Yelp’s numbers are out!Looks pretty good at first glance.

Revenue is up nicely year-over-year, but its loss is even worse.

Revenue was $27.4 million, up 66 per cent, versus analysts expectations of $25.3 million.

EPS was a loss of $0.31, which is worse than an expected EPS loss of $0.30.

The company also raised its full-year and second quarter guidance.

Midpoint for second quarter revenue guidance is $30 million, versus analyst estimates of $29.3 million.

Midpoint for full year guidance is now $130 million versus $125 million estimated.

The stock is down about one per cent after-hours on the news.

 

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