John Colantoni's questions to Yelp Inc (YELP) leadership • Q3 2024
Question
Chris, on behalf of John Colantoni at Jefferies, asked about the expected margin profile of the combined business after integrating RepairPal and requested a more granular breakdown of the weakness within the RR&O category.
Answer
CFO David Schwarzbach stated that RepairPal was approximately breakeven on $30 million in revenue and that Yelp aims to leverage its SEO/SEM expertise to drive growth, with more details to come post-closing. COO Jed Nachman clarified that the weakness in RR&O is broad-based across restaurants, retail, and other subcategories due to similar macro pressures.