Earnings summaries and quarterly performance for YELP.
Executive leadership at YELP.
Board of directors at YELP.
Research analysts who have asked questions during YELP earnings calls.
NB
Nitin Bansal
Bank of America
4 questions for YELP
Also covers: IBTA, SSTK
Sergio Segura
KeyBanc Capital Markets
4 questions for YELP
Also covers: ANGI, FTDR
Jason Kreyer
Craig-Hallum Capital Group LLC
3 questions for YELP
Also covers: CDLX, CREX, DSP +18 more
Kishan Patel
Raymond James & Associates, Inc.
3 questions for YELP
Also covers: LZ, ZIP
Cal Bartyzal
Craig-Hallum Capital Group LLC
2 questions for YELP
Also covers: CDLX, CREX, DSP +5 more
RC
Robert Coolbrith
Evercore ISI
2 questions for YELP
Also covers: APP, BMBL, CDLX +10 more
Shweta Khajuria
Wolfe Research, LLC
2 questions for YELP
Also covers: BMBL, CART, CHWY +15 more
Colin Sebastian
Baird
1 question for YELP
Also covers: ABNB, AMZN, CART +11 more
Eric Sheridan
Goldman Sachs
1 question for YELP
Also covers: ABNB, ACVA, AMZN +49 more
John Colantuoni
Jefferies
1 question for YELP
Also covers: ABNB, ACVA, BKNG +11 more
Josh Beck
Raymond James
1 question for YELP
Also covers: ACVA, CART, DASH +6 more
RC
Robert Coulbreth
Evercore ISI
1 question for YELP
ZW
Zachary Witaszek
Baird
1 question for YELP
Recent press releases and 8-K filings for YELP.
Yelp's 2025 Financials and 2026 AI Investment Strategy
YELP
Guidance Update
New Projects/Investments
Share Buyback
- Yelp reported $369 million in adjusted EBITDA and $324 million in free cash flow for 2025, with EPS of $2.24. For 2026, the company guided to a lower adjusted EBITDA of $310-$330 million, indicating an investment year focused on AI.
- The company is undergoing a significant AI transformation, aiming to reconceive consumer experience, empower small businesses, and leverage partnerships with entities like OpenAI, which contributed to "other revenue" growth of 17% in 2025 and 33% in Q4 2025.
- Yelp's revenue is now predominantly from services, accounting for approximately 70% of total revenue, despite 85% of traffic coming from restaurant, retail, and other categories. Services growth slowed significantly after Q1 2025 due to pressures on the local physical economy, a trend that persisted into 2026.
- Key AI product developments include the acquisition of Hatch, an AI lead management solution, and the Yelp Assistant, which saw Request a Quote requests increase by 400% in 2025 compared to 2024 and is almost 100% monetized.
- In terms of capital allocation, Yelp bought back less than $300 million in stock in 2025 and authorized an additional $500 million in February 2026, while also shifting capital towards acquisitions like Hatch.
4 days ago
Yelp CFO Details AI Investments, Partnerships, and Capital Allocation Strategy
YELP
New Projects/Investments
M&A
Share Buyback
- Yelp is undergoing an AI-driven transformation, focusing on enhancing consumer experience, empowering small businesses, and leveraging partnerships with companies like OpenAI, Apple, and Amazon, which contributed to other revenue growth of 17% in 2025 and 33% in Q4 2025.
- The company is making significant investments in AI, including the recent acquisition of Hatch, an AI lead management solution, and the successful rollout of Yelp Assistant, which saw Request a Quote requests increase by 400% in 2025 compared to 2024.
- Yelp anticipates 2026 to be an investment year, guiding adjusted EBITDA to $310-$330 million, down from $369 million in 2025, but expects these investments to drive long-term margin expansion.
- Capital allocation is shifting towards acquisitions and share repurchases, with the board authorizing an additional $500 million for buybacks, following less than $300 million in repurchases last year.
- Despite these strategic moves, Yelp noted significant pressure on the local physical economy in 2025, leading to a slowdown in its historically double-digit services growth.
4 days ago
Yelp Outlines AI Strategy and Financial Outlook at Morgan Stanley Conference
YELP
New Projects/Investments
Guidance Update
Share Buyback
- Yelp is undergoing an AI-driven transformation, shifting to a product-driven growth model, with "other revenue" (including licensing from partnerships like OpenAI) growing 17% in 2025 and 33% in Q4 2025.
- The company reported strong 2025 financial performance with $369 million in Adjusted EBITDA (25% margin), $324 million in free cash flow (22% margin), and $2.24 EPS.
- 2026 is an investment year for AI and the recent acquisition of Hatch, leading to a guided Adjusted EBITDA of $310-$330 million and an expected EBITDA margin compression of 3-4 points.
- AI initiatives are gaining traction, with Request a Quote requests increasing by 400% in 2025 compared to 2024, which are 100% monetized.
- Yelp continues to prioritize capital returns, having bought back less than $300 million in stock last year and authorizing an additional $500 million in February.
4 days ago
Yelp Reports Q4 2025 Results and Provides 2026 Outlook
YELP
Earnings
Share Buyback
Guidance Update
- Yelp reported Net Revenue of $1,465.0 million , Adjusted EBITDA of $369.2 million , and Earnings Per Share of $2.24 for the full year 2025.
- The company generated $372 million in cash from operations and returned nearly $2.0 billion to shareholders through share repurchases as of December 31, 2025.
- For 2026, Yelp anticipates Net Revenue between $1,455 million and $1,475 million and Adjusted EBITDA between $310 million and $330 million.
- Yelp is focused on its AI transformation and growth initiatives, including reconceiving Yelp around answers and actions, delivering AI tools for service professionals, and extending its reach across the AI ecosystem, which includes the acquisition of Hatch.
Feb 12, 2026, 10:00 PM
Yelp Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
YELP
Earnings
Guidance Update
Share Buyback
- Yelp delivered record net revenue of $1.46 billion for the full year 2025, an increase of 4% year-over-year, with net income growing 10% to $146 million and diluted earnings per share increasing 19% to $2.24. For Q4 2025, net revenue decreased 1% year-over-year to $360 million.
- The company provided FY 2026 net revenue guidance of $1.455 billion to $1.475 billion and Adjusted EBITDA guidance of $310 million to $330 million.
- Yelp is significantly investing in AI transformation, having introduced over 55 new products and features in 2025, and recently acquired Hatch, an AI lead management platform.
- The company repurchased $292 million worth of shares in 2025 and authorized an additional $500 million for share repurchases in February 2026.
Feb 12, 2026, 10:00 PM
Yelp Reports Record 2025 Revenue, Details AI Transformation, and Provides 2026 Outlook
YELP
Earnings
Guidance Update
New Projects/Investments
- Yelp achieved record net revenue of $1.46 billion for the full year 2025, a 4% year-over-year increase, with net income growing 10% to $146 million and diluted earnings per share up 19% to $2.24.
- In Q4 2025, net revenue was $360 million, a 1% year-over-year decrease, with Adjusted EBITDA at $86 million. Full-year performance was driven by 8% growth in services advertising revenue to $948 million, offsetting a 6% decline in restaurants, retail, and other (RR&O) revenue.
- The company is significantly investing in AI transformation, having introduced over 55 new products and features in 2025, including the AI-powered Yelp Assistant, and recently acquired Hatch, an AI lead management platform. Yelp also signed a data licensing agreement with OpenAI.
- For 2026, Yelp forecasts full-year net revenue between $1.455 billion and $1.475 billion and Adjusted EBITDA between $310 million and $330 million, reflecting increased investments in AI and growth initiatives. The board authorized an additional $500 million for share repurchases in February 2026.
Feb 12, 2026, 10:00 PM
Yelp Reports Q4 and Full-Year 2025 Results, Details AI Strategy and 2026 Outlook
YELP
Earnings
Guidance Update
New Projects/Investments
- Yelp delivered record net revenue of $1.46 billion for full-year 2025, a 4% year-over-year increase, with diluted earnings per share growing 19% to $2.24. For Q4 2025, net revenue decreased 1% year-over-year to $360 million, and Adjusted EBITDA decreased 15% year-over-year to $86 million.
- The company's performance in 2025 was driven by services, with advertising revenue from these categories up 8% year-over-year to $948 million, while revenue from Restaurants, Retail & Other (RR&O) categories declined 6% year-over-year to $444 million.
- Yelp is significantly investing in AI transformation, having introduced over 55 new AI-powered products and features in 2025, including Yelp Assistant, which saw request to quote project submissions increase by over 400%. The company also acquired Hatch, an AI lead management platform, and signed a data licensing agreement with OpenAI.
- For Q1 2026, Yelp expects net revenue to be in the range of $350 million to $355 million and Adjusted EBITDA between $58 million and $63 million. For the full-year 2026, net revenue is projected to be $1.455 billion to $1.475 billion, with Adjusted EBITDA in the range of $310 million to $330 million, reflecting increased investments in AI and operations.
- In 2025, Yelp repurchased $292 million worth of shares and authorized an additional $500 million for share repurchases in February 2026.
Feb 12, 2026, 10:00 PM
Yelp Reports Record 2025 Net Revenue and Provides 2026 Outlook
YELP
Earnings
Guidance Update
New Projects/Investments
- Yelp reported record net revenue of $1.46 billion for the full year 2025, a 4% increase year over year, with net income rising 10% to $146 million and diluted EPS growing 19% to $2.24.
- Adjusted EBITDA for 2025 increased 3% to $369 million, representing a 25% adjusted EBITDA margin.
- The company expects 2026 net revenue in the range of $1.455 billion to $1.475 billion and Adjusted EBITDA between $310 million and $330 million.
- Yelp is accelerating investment in AI transformation, highlighted by an agreement with OpenAI and the acquisition of Hatch, to drive long-term growth.
- The Board of Directors authorized an additional $500 million share repurchase in February 2026, following $292 million in repurchases during 2025.
Feb 12, 2026, 9:09 PM
Yelp Reports Record 2025 Financial Results and Provides 2026 Outlook
YELP
Earnings
Guidance Update
New Projects/Investments
- Yelp achieved record net revenue of $1.46 billion in 2025, with net income increasing 10% to $146 million and Adjusted EBITDA growing 3% to $369 million.
- For 2026, the company anticipates Net Revenue in the range of $1.455 billion to $1.475 billion and Adjusted EBITDA between $310 million and $330 million.
- The company is accelerating its AI transformation, highlighted by an agreement with OpenAI and the acquisition of Hatch.
- Services advertising revenue was a key growth driver, increasing 8% year over year to a record $948 million in 2025.
Feb 12, 2026, 9:05 PM
Yelp to Acquire AI Platform Hatch for $300 Million
YELP
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Yelp announced on January 21, 2026, its agreement to acquire Hatch, an AI-powered lead management and communication platform, for approximately $270 million in cash plus $30 million in employee retention payments, with the deal expected to close in early February.
- This acquisition represents a strategic pivot for Yelp towards a SaaS, AI-driven strategy, aiming to integrate Hatch's AI agents to automate lead follow-up and boost conversion for services businesses.
- Hatch currently generates approximately $25 million in annual recurring revenue (ARR) and has demonstrated roughly 70% year-over-year growth.
- The $270 million cash outlay for the acquisition represents about 15% of Yelp's market capitalization, which Yelp plans to fund by leveraging its strong profitability and healthy balance sheet.
Jan 22, 2026, 5:18 AM
Quarterly earnings call transcripts for YELP.
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