Yelp (YELP) Reports Q1 Revenues Above Estimates; Raises FY Revenue & Adj. EBITDA Outlook

Yelp (NYSE: YELP) reported Q1 EPS of ($0.03), versus the consensus of ($0.05). Revenue for the quarter came in at $223 million versus the consensus estimate of $220.14 million.

“We had a great start to 2018, accelerating advertising revenue growth and attracting a record number of new advertisers in the first quarter,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “The expansion of our non-term advertising product is showing promising results and we are raising our full-year revenue and adjusted EBITDA outlook. We are excited to issue our inaugural Shareholder Letter in which we've outlined our strategy and financial results.”

For earnings history and earnings-related data on Yelp (YELP) click here.

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