Operational LeverageLong term, Yelp is expected to grow revenues and capture an increasing share of advertiser budgets, driving continued margin expansion and operational leverage over the next 5 years.
Revenue GrowthYelp reported a 7% increase in Q1 revenues, driven by a significant 15% growth in Home Services ads.
Share RepurchaseYelp repurchased $62.5 million worth of shares in Q1, with a substantial $519 million still remaining under authorization.