Wed, Nov. 2, 3:02 PM
Wed, Nov. 2, 8:16 AM
- Q3 non-GAAP net income of $18.4M or $0.22 per share vs. $2.7M and $0.03 one year ago. Adjusted EBITDA of $33.7M up from $12.5M.
- Local revenue of $163.6M up 41% Y/Y; Transactions of $15.9M up 33%.
- Cumulative reviews of 115M up 29%. App unique devices of 25M up 24%. Local advertising counts of about 135K up 30%.
- While things are going well in the U.S., CEO Jeremy Stoppelman says the company is not getting the same level of traction internationally, so will be directing resources domestically for now.
- Q4 revenue is guided to $191M-$195M, or 26% Y/Y growth at the midpoint; adjusted EBITDA of $36M-$40M. Full-year revenue of $709M-$713M, or 29% Y/Y growth at the midpoint; adjusted EBITDA of $111M-$115M.
- Conference call is underway.
- Previously: Yelp beats by $0.04, beats on revenue (Nov. 2)
- YELP +10.8% premarket
Wed, Nov. 2, 7:33 AM
Tue, Nov. 1, 5:30 PM
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Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Wed, Oct. 19, 12:38 PM
- In addition to enhancing social recommendation and event discovery features.
- Food ordering – available on restaurant pages integrated with Delivery.com or Slice
- Appointment request – book via a business page, confirmation communicated through Messenger
- Event ticketing – purchase of movie tickets powered by Fandango enabled directly on Pages; Ticketmaster and Eventbrite collaborations for other events further noted
- Quotes – request quotes from local businesses on participating business pages
- Facebook's (FB +1.1%) on a mission to simplify tasks that are often facilitated through multiple products with singular features (i.e. recommendations, food ordering, ticketing, local business quotes etc.) by streamlining them across its own integrated network of platforms.
- N.B. (NYSE:YELP), (NYSE:GRUB), (NASDAQ:ANGI)
- Blog post
- Previously (October 7): Facebook introduces dedicated events app
Fri, Sep. 23, 3:11 PM
- Yelp (NYSE:YELP) today announced the conversion of its Class A and B shares into a single class of stock, though its moves today (now up 2.6%) are being attributed to Twitter's M&A rumor-fueled 20% jump.
- Yelp has spurned big suitors so far though it's rumored to have drawn interest (at various times) from Priceline, Yahoo, Google, and Facebook, as well as TripAdvisor or Expedia.
- The company had reportedly hired banks in spring 2015 to find a buyer.
- The share-class conversion took effect at 5 p.m. ET yesterday, and had no economic effect but elmiinated the different voting powers. The conversion was automatic as outstanding class B stock represented laess than 10% of outstanding shares.
- All shares are now entitled to one vote per share.
Mon, Sep. 19, 8:05 AM
- Yelp (NYSE:YELP) is warning that a California lawsuit targeting critical posts about a law firm could lead to the removal of negative reviews and leave consumers with a skewed assessment of restaurants and other businesses.
- Though its impact is in dispute, the case is getting attention from some of the biggest Internet companies in the world, which say a ruling against Yelp could stifle free speech online.
Tue, Sep. 13, 8:28 AM| Tue, Sep. 13, 8:28 AM | 4 Comments
Wed, Aug. 10, 3:00 PM
Wed, Aug. 10, 12:47 PM
Wed, Aug. 10, 9:17 AM| Wed, Aug. 10, 9:17 AM | 4 Comments
Tue, Aug. 9, 5:35 PM
Tue, Aug. 9, 4:57 PM
- After busting a new 52-week high during market hours, Yelp (YELP +3%) is up 10.5% after hours following a Q2 earnings beat that featured upbeat guidance for the out quarter and a raised outlook for the full year.
- Local revenue grew 41% to $151.9M; Transactions revenue gained 37% to $15.5M. (Other revenue of $6M was down 6%).
- In operations: Cumulative reviews grew 30% Y/Y to about 108M. App unique devices were up 27% to about 23M on monthly average basis, and local ad accounts grew 32% to about 128,000.
- For Q3 Yelp expects revenue of $180M-$184M (27% growth at the midpoint, and above consensus for $179.6M), and adjusted EBITDA of $24M-$28M (vs. consensus for $28.2M).
- It's raising its full-year outlook, forecasting revenue of $700M-$708M (28% growth at midpoint, and vs. consensus for $699.7M) and EBITDA of $100M-$108M (vs. $99.8M expected).
- Press Release
Tue, Aug. 9, 4:09 PM
Mon, Aug. 8, 5:35 PM
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