Yelp's 2024 performance was marked by strong revenue growth and profitability driven by the services segment, AI innovations, and strategic acquisitions. However, the decline in RRNO revenue and challenges in paid search initiatives were notable setbacks. Overall, the positive aspects of record revenue, profitability, and successful AI integration outweigh the challenges.

Company Guidance

During the call, Yelp Inc. reported strong financial results for 2024, with net revenue increasing by 6% year over year to $1.41 billion, and net income growing by 34% year over year to $133 million. The company achieved its fifteenth consecutive quarter of double-digit revenue growth in services categories, recording a revenue increase of 11% year over year to $879 million. Notably, the home services category posted a 15% year-over-year growth. Adjusted EBITDA grew by 8% to $358 million, and the company expanded its net income margin by two percentage points. Yelp highlighted successful product innovations, including the Yelp Assistant AI chatbot, which increased project submissions by over 50% from the third to fourth quarter. Despite reduced spending on paid search, consumer projects through Request a Quote increased by 25% year over year. Looking ahead, Yelp plans to focus on services, enhance advertiser value, and transform the consumer experience, leveraging AI to drive growth and operational efficiency. For 2025, Yelp projects net revenue between $1.470 billion and $1.485 billion, with first-quarter adjusted EBITDA expected to be in the range of $65 million to $70 million.

Record Net Revenue and Profitability

Yelp Inc. delivered record net revenue of $1.41 billion in 2024, a 6% increase year over year, and net income grew by 34% to $133 million.

Strong Performance in Services

Services revenue increased by 11% year over year to $879 million, with home services showing a standout annual growth of approximately 15%.

AI Innovations and Enhancements

Yelp introduced more than 80 new features, including the successful launch of Yelp Assistant, which increased project submissions by more than 50% from Q3 to Q4.

Increase in Consumer Engagement

Request a Quote consumer projects increased by approximately 25% year over year, with a 30% increase in Q4, and Yelp users contributed 21 million new reviews in 2024.

Successful Capital Allocation

Yelp repurchased $251 million worth of shares and completed the acquisition of RepairPal for approximately $80 million, enhancing their auto services category.

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Yelp (YELP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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YELP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 01, 2025	2025 (Q1)	0.33 / -	0.2	―	―	―
Feb 13, 2025	2024 (Q4)	0.53 / 0.62	0.37	67.57% (+0.25)
Nov 07, 2024	2024 (Q3)	0.42 / 0.56	0.79	-29.11% (-0.23)	―
Aug 08, 2024	2024 (Q2)	0.27 / 0.54	0.21	157.14% (+0.33)	―
May 09, 2024	2024 (Q1)	0.06 / 0.20	-0.02	1100.00% (+0.22)	―
Feb 15, 2024	2023 (Q4)	0.38 / 0.37	0.28	32.14% (+0.09)
Nov 02, 2023	2023 (Q3)	0.34 / 0.79	0.13	507.69% (+0.66)	―
Aug 03, 2023	2023 (Q2)	0.16 / 0.21	0.11	90.91% (+0.10)	―
May 04, 2023	2023 (Q1)	-0.05 / -0.02	-0.01	-100.00% (-0.01)	―
Feb 09, 2023	2022 (Q4)	0.29 / 0.28	0.3	-6.67% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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YELP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	$40.55	$37.34	-7.92%
Nov 07, 2024	$36.37	$35.93	-1.21%
Aug 08, 2024	$33.51	$33.47	-0.12%
May 09, 2024	$39.62	$36.79	-7.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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