Did Yelp beat or miss consensus estimates last quarter?

What guidance did Yelp's management provide for the next earnings period?

What is the market's earnings forecast for Yelp next quarter?

What is Yelp's gross profit margin?

What is the revenue and EPS growth rate for Yelp year over year?

What is Yelp's latest dividend and current dividend yield?

What does Yelp do and what are its main business segments?

What factors drove the changes in Yelp's revenue and profit?

- **Services & AI Tools**: Yelp Assistant rollout (Q1 2026) & Hatch Integration

Yelp Inc. (YELP) Q4 2025 Earnings Call Transcript

- **Services Growth**: 7% YoY increase in Services revenue.
- **AI Adoption**: Yelp Assistant project submissions up 400% YoY.
- **Strategic Partnerships**: DoorDash expands restaurant coverage by 200,000.
- **Q4 Outlook**: Cautious due to macroeconomic challenges, revised net revenue $1.46 billion.
- **Efficiency Focus**: 26% adjusted EBITDA margin, disciplined expense management.

**【CEO Summary Section】**
- Recorded net revenue of $376 million, achieving a 10% net income margin.
- Services revenue grew 7% year-over-year, while RR&O revenue declined 2%.
- AI initiatives include Yelp Assistant, with project submissions via AI up 400% YoY.
- Strategic partnerships with DoorDash and RepairPal expanded market reach.
- Introduced SaaS products Yelp Host and Receptionist, showing early adoption success.

**【CFO Financial Commentary】**
- GAAP net income of $39 million, with a 10% margin.
- Adjusted EBITDA of $98 million, reflecting a 26% margin.
- Expense management included a 2% reduction in stock-based compensation.
- Q4 outlook cautious due to macroeconomic uncertainties, with revised net revenue guidance of $1.46 billion.

**【Q&A Key Highlights】**
- Macro pressures impacted RR&O, but Services showed resilience.
- AI-driven Yelp Assistant expanded to logged-out users, with positive early feedback.
- DoorDash partnership increased restaurant coverage by 200,000.
- SaaS products demonstrate potential for incremental revenue growth.
- Emphasis on disciplined expense management and capital allocation efficiency.

Yelp Inc. (YELP) Q3 2025 Earnings Call Transcript

- **Revenue Resilience**: Q2 net revenue $370M (+4% YoY), driven by 8% YoY services growth and 10% YoY adjusted EBITDA expansion. AI initiatives like Yelp Assistant and API licensing contributed $10M+ annual run rate.
- **AI Growth Engine**: Yelp Assistant project submissions up 400% YoY, with logged-out user rollout and multi-category expansion. AI search API calls surged 10x in 2 months, signaling emerging AI search partnerships.
- **Macro Challenges**: RR&O revenue down 5% YoY due to macroeconomic uncertainty, but Yelp Assistant and API licensing position for long-term recovery.
- **Financial Discipline**: SBC as % of revenue reduced to 9%, with plans to <8% by end-2025. Share buybacks ($65.9M Q2) support capital return strategy.
- **Outlook Caution**: Q3 revenue flat vs. Q2, with full-year $1.465-1.475B. Adjusted EBITDA guidance narrowed to $350-360M, reflecting macro uncertainty and SBC headwinds.

**【CEO Opening Remarks】**
- **Record Revenue Growth**: Q2 net revenue reached $370 million, up 4% YoY, with net income margin expanding to 12% and adjusted EBITDA margin at 27%.
- **Services Dominance**: Services revenue grew 8% YoY to $241 million, driven by Request-a-Quote projects (+10% YoY) and Yelp Assistant adoption (400% YoY increase in project submissions). AI chatbot now available to logged-out users.
- **AI Expansion**: Yelp Assistant rolled out across all categories; live testing of Yelp Host (AI call answering) for restaurants and Yelp Receptionist for services. AI search API calls surged 10x in 2 months, with annual run rate revenue from data licensing exceeding $10 million.
- **Challenges**: RR&O (restaurants, retail) revenue declined 5% YoY due to macroeconomic pressures, with paying advertising locations down 3% YoY to 515,000.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income $44 million (+16% YoY), adjusted EBITDA $100 million (+10% YoY). Services revenue growth decelerated due to advertiser caution amid macro uncertainty.
- **Expense Management**: Stock-based compensation as % of revenue down 2ppt YoY to 9%, targeting <8% by end-2025. Capital allocation focused on share buybacks ($65.9M Q2, $202M remaining).
- **Outlook**: Q3 net revenue expected flat vs. Q2 ($365-370M), full-year $1.465-1.475B. Adjusted EBITDA guidance narrowed to $350-360M, with headwinds from SBC reductions and seasonal expenses.

**【Q&A Highlights】**
- **Services Growth Deceleration**: Softness attributed to macro uncertainty, but Yelp Assistant expansion (logged-out users, multi-category) and API momentum (10x API calls in 2 months) offer long-term growth.
- **Restaurant Competition**: RR&O pressure driven by macro, not delivery providers. Yelp Assistant aims to enhance restaurant discovery through conversational search, with API integration for emerging AI search players.
- **AI Search Licensing**: $10M+ annual run rate from data licensing, with early adoption from multi-location businesses via Zapier integration. API growth reflects Yelp's role as a trusted local data source for AI-powered search.

Yelp Inc. (YELP) Q2 2025 Earnings Call Transcript

- **Services dominance**: Services now 65% of revenue with 14% YoY growth, vs. 3% decline in RR&O. 
- **AI product success**: 15% YoY growth in Request to Quote (excl. paid search), 135% project submissions via Yelp Assistant. 
- **Profitability surge**: 72% YoY net income growth to $24M, 32% EBITDA margin expansion. 
- **Share buyback**: $62.5M repurchased in Q1, $268M remaining. 
- **Guidance cautious**: Q2 revenue $362-367M vs. $359M actual Q1, reflecting macro risk.

**【CEO Summary Section】**
- Q1 2025 revenue grew 8% YoY to $359M, driven by 14% YoY growth in Services segment (now 65% of total revenue). Request to Quote projects increased 15% YoY (excluding paid search). 
- Introduced 15 new AI-powered features including Yelp Assistant with photo recognition, response quality badges, and integration with Zapier for multi-location businesses. 
- Launched AI-powered call answering services for restaurants and service pros to capture missed leads. 
- Services locations surpassed RR&O locations for the first time, reflecting strategic focus shift. 

**【CFO Financial Highlights】**
- Net income rose 72% YoY to $24M ($0.36 EPS), with adjusted EBITDA up 32% to $85M (24% margin). 
- Services revenue accelerated to 14% YoY growth vs. 10% Q4, driven by RepairPal integration. 
- Reduced stock-based compensation to 10% of revenue (vs. 12% prior year). 
- Repurchased $62.5M of shares in Q1, with $268M remaining under buyback authorization. 
- Q2 guidance: $362-367M revenue vs. $359M actual Q1, reflecting macro uncertainty. 

**【Key Q&A Takeaways】**
- Services advertisers (SMBs) showing resilience vs. cautious multi-location RR&O advertisers. 
- Yelp Assistant adoption strong despite 50%+ reduction in paid search spend. 
- AI-powered lead quality improvements driving 9% YoY CPC increase. 
- RepairPal integration on track to deliver $10M+ incremental revenue in 2025H2. 
- Early May macro signals more encouraging than April softness.

Yelp (YELP)-8 May 25-2025 Q1 Earnings call transcript

- **Revenue beat by $200M**: Q3 $12.3B (+18% YoY) driven by 25% North America orders
- **$10B capex for 4nm expansion**: 2024 capex to meet AI chip demand
- **Strong margins**: Non-GAAP gross margin 58.2% (up 120bps YoY)
- **FY24 guidance**: $46-48B (12-15% growth) with 58-59% gross margin target

**【CEO Opening Remarks】**
- Q3 revenue reached $12.3B, up 18% YoY, exceeding guidance by $200M.
- North America orders surged 25% YoY, driven by AI chip demand.
- Announced $10B capex plan for 2024 to expand 4nm capacity.

**【CFO Financial Highlights】**
- GAAP EPS: $1.25 (vs. $1.10 consensus)
- Non-GAAP gross margin: 58.2% (up 120bps YoY)
- Free cash flow: $3.2B (up 35% YoY)
- FY24 guidance: $46-48B revenue (12-15% YoY growth)

**【Q&A Key Takeaways】**
- AI chip supply constrained; 2024 capex to address
- HPC business up 40% YoY; cloud customer demand strong
- FX impact minimal; no material supply chain issues
- 2024 gross margin target: 58-59% range

Yelp Inc. (YELP) Q4 2024 Earnings Call Transcript

Yelp (YELP)-7 Nov 24-2024 Q3 Earnings call transcript

Yelp (YELP)-8 Aug 24-2024 Q2 Earnings call transcript

Yelp (YELP)-9 May 24-2024 Q1 Earnings call transcript

Yelp (YELP)-15 Feb 24-2023 Q4 Earnings call transcript

Yelp (YELP)-3 Aug 23-2023 Q2 Earnings call transcript

Yelp (YELP)-4 May 23-2023 Q1 Earnings call transcript

Yelp (YELP)-9 Feb 23-2022 Q4 Earnings call transcript

Yelp (YELP)-3 Nov 22-2022 Q3 Earnings call transcript

Yelp (YELP)-5 Aug 22-2022 Q2 Earnings call transcript

Yelp (YELP)-5 May 22-2022 Q1 Earnings call transcript

Yelp (YELP)-11 Feb 22-2021 Q4 Earnings call transcript

Yelp (YELP)-4 Nov 21-2021 Q3 Earnings call transcript

Yelp (YELP)-6 Aug 21-2021 Q2 Earnings call transcript

Yelp (YELP)-7 May 21-2021 Q1 Earnings call transcript

Yelp (YELP)-10 Feb 21-2020 Q4 Earnings call transcript

Yelp (YELP)-5 Nov 20-2020 Q3 Earnings call transcript

Yelp (YELP)-6 Aug 20-2020 Q2 Earnings call transcript

Yelp (YELP)-7 May 20-2020 Q1 Earnings call transcript

Yelp (YELP)-13 Feb 20-2019 Q4 Earnings call transcript

Yelp (YELP)-7 Nov 19-2019 Q3 Earnings call transcript

Yelp (YELP)-8 Aug 19-2019 Q2 Earnings call transcript

Yelp (YELP)-9 May 19-2019 Q1 Earnings call transcript

Yelp (YELP)-13 Feb 19-2018 Q4 Earnings call transcript

Yelp (YELP)-8 Nov 18-2018 Q3 Earnings call transcript

Yelp (YELP)-8 Aug 18-2018 Q2 Earnings call transcript

Yelp (YELP)-10 May 18-2018 Q1 Earnings call transcript

Yelp (YELP)-7 Feb 18-2017 Q4 Earnings call transcript

Yelp (YELP)-1 Nov 17-2017 Q3 Earnings call transcript

Actual											-0.22	-0.33	-0.01	0.27	-0.08	0.05	0.23	0.3	-0.01	0.11	0.13	0.28	-0.02	0.21	0.79	0.37	0.2	0.54	0.56	0.62	0.36	0.67	0.61	0.61
Forecast											-0.0937	-0.5099	-0.3482	-0.0045	-0.2564	-0.094	-0.0058	0.141	-0.0933	-0.0096	0.2652	0.295	-0.0529	0.16	0.3369	0.3843	0.0566	0.2678	0.4188	0.5263	0.324	0.5122	0.5253	0.5368
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-134.79%	+35.28%	+97.13%	+6100.00%	+68.80%	+153.19%	+4065.52%	+112.77%	+89.28%	+1245.83%	-50.98%	-5.08%	+62.19%	+31.25%	+134.49%	-3.72%	+253.36%	+101.64%	+33.72%	+17.80%	+11.11%	+30.81%	+16.12%	+13.64%

YELP

YELP fundamentals

YELP Q4 2025 Earnings

Earnings Call

You can ask Aime

YELP

YELP fundamentals

YELP Q4 2025 Earnings

Earnings Call

YELP Earnings Call Summary for Q4/20255:00 PM on Feb 12, 2026

YELP Earnings Call Summary for Q3/20255:00 PM on Nov 6, 2025

YELP Earnings Call Summary for Q2/20255:00 PM on Aug 7, 2025

YELP Earnings Call Summary for Q1/20255:00 PM on May 8, 2025

YELP Earnings Call Summary for Q4/20245:00 PM on Feb 13, 2025

You can ask Aime