Yelp Q1 2023 Earnings Report

Yelp EPS Results

• Actual EPS: $0.02
• Consensus EPS: -$0.08
• Beat/Miss: Beat by +$0.10
• One Year Ago EPS: N/A

Yelp Revenue Results

• Actual Revenue: $312.44 million
• Expected Revenue: $306.17 million
• Beat/Miss: Beat by +$6.27 million
• YoY Revenue Growth: N/A

Yelp Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: N/A

Yelp (NYSE:YELP) operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click advertising and multi-location Ad products, as well as enables businesses to deliver targeted advertising to large and high-intent audience; and business listing page products. The company also offers other services comprising Yelp Guest Manager, a subscription-based suite of front-of-house management tools for restaurants, nightlife and certain other venues, which include online reservations, a waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as through hostless kiosks, and seating and server rotation management tools; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free access to various basic information through publicly available APIs, and paid access to content and data for consumer-facing enterprise use. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website and business app, as well as non-advertising partner arrangements. It has partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. The company was incorporated in 2004 and is based in San Francisco, California.