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.