- NYSE:YELP expects Q3 revenue of $98M-$99M, above a $95.4M consensus. Full-year guidance is for revenue of $372M-$375M, above a $365.9M consensus.
- Full-year adjusted EBITDA guidance has been hiked to $67M-$69M from $56M-$60M. Q2 adjusted EBITDA was $17.2M, better than guidance of $11.5M-$12.5M.
- Cumulative reviews +44% Y/Y in Q2 to 61M (was +46% in Q1). Average monthly unique visitors +27% to 138M (+30% in Q1). Active local business accounts +55% to 79.9K (+65% in Q1). Mobile monthly uniques +51% to 68M.
- GAAP costs/expenses +54% to $85.7M, with sales/marketing spend rising 55% to $47.8M.
- Q2 results, PR