Yelp sees Q2 revenue $350M-$355M, consensus $358.35M

Sees Q2 adjusted EBITDA $70M-$75M. The company said, “We continue to believe in the significant long-term opportunities ahead and our team’s ability to execute against them. Our strong portfolio of initiatives is designed to drive long-term growth. Services categories saw strong performance during the first quarter, even while our efforts to acquire projects through paid search have yet to materially impact revenue performance. Our RR&O categories, however, exhibited weakness in the first quarter of 2024. We believe macro pressures, including higher input costs, are presenting challenges for businesses in these categories, while inflationary pressures continue to impact consumer traffic.”