Yelp (YELP) Reports Q2 Revenues Above Consensus

Yelp (NYSE: YELP) reported Q2 EPS of $0.12, versus the consensus of $0.01. Revenue for the quarter came in at $235 million versus the consensus estimate of $232.28 million.

• Reports Net Revenue of $235 Million, Net Income of $11 Million and Adjusted EBITDA of $47 Million
• Advertising Revenue Growth Accelerates to 21% over Second Quarter 2017
• Record Paying Advertising Account Growth of 17,000 from First Quarter 2017

“Second quarter results were once again driven by strong revenue growth in our core Advertising business,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “We completed the transition to selling non-term local advertising in the quarter, which helped deliver record advertising account additions. Our growth initiatives elsewhere also produced encouraging results.”

GUIDANCE:

Sees Q3 revenue of $242-$246 million, versus the consensus of $247.2 million.

Sees FY18 revenue of $952-$967 million, versus the consensus of $960.3 million.

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

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