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Yelp slides amid light guidance on underlying profit

Feb. 07, 2018 4:30 PM ETYelp Inc. (YELP) StockBy: Jason Aycock, SA News Editor
  • Yelp (NYSE:YELP) has slipped 5.5% after hours following a Q4 report where its revenues topped the highest estimates, but profits looked to have fallen short after accounting for the Eat24 sale, and EBITDA guidance came up light.
  • GAAP net income was $142.1M vs. a year-ago $8.3M; results included a $164.8M pretax gain on selling Eat24.
  • EBITDA of $41.6M was down from a year-ago $45.3M and was in line with consensus.
  • Ad revenue grew 18% to $208.4M; transactions revenue fell to $5.2M from $16.6M (affected by the Eat24 sale). Other services revenue was $4.6M vs. a year-ago $1.7M.
  • For Q1, it's guiding to revenues of $218M-$221M (vs. consensus for $219.4M) and EBITDA of $29M-$32M (light of expected $38M); for the full year, it sees net revenues at $935M-$965M (vs. $951.4M consensus) and EBITDA of $175M-$187M (light of consensus for $196.4M).
  • Conference call to come at 4:30 p.m. ET.
  • Press release

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