Yelp Inc ( (YELP) ) has released its Q4 earnings. Here is a breakdown of the information Yelp Inc presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Yelp Inc., a platform connecting people with local businesses through reviews and photos, has reported its financial performance for the fourth quarter and full year of 2024, marking significant growth and emphasizing its focus on the Services sector amid challenges in other categories. In its latest earnings report, Yelp revealed a 6% increase in net revenue for Q4 2024, reaching $362 million, and a 6% increase for the full year, totaling $1.41 billion. The company’s net income also saw a rise to $42 million in Q4 2024 from $27 million in the same quarter of the previous year, reflecting a net income margin increase to 12%. Adjusted EBITDA for the year was up by 8% to $358 million, with margins remaining steady at 25%. The growth was primarily driven by the Services category, which saw an 11% rise in advertising revenue, contrasting with a 3% decline in Restaurants, Retail & Other categories. Yelp’s strategic focus on AI and product innovation has been pivotal, with over 80 new features launched in 2024, enhancing user engagement and advertiser value. Looking forward, Yelp maintains a positive outlook for 2025, anticipating continued growth in the Services sector and aiming for net revenue between $1.470 billion and $1.485 billion, alongside adjusted EBITDA projected to be in the range of $345 million to $360 million.
