Yelp Inc. (YELP) reported first-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed the same. The top and bottom lines marked a significant year-over-year improvement.The company reported first-quarter earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 4 cents. The company incurred a loss of 2 cents per share in the year-ago quarter. The year-over-year improvement in net income was due to the company's efforts in generating profit.Yelp’s reven ...

财务数据和关键指标变化 - 第一季度净收入同比增长7%至3.33亿美元 [12] - 净利润为1400万美元,利润率为4% [12] - 调整后EBITDA同比增长19%至6400万美元,利润率为19% [12] 各条业务线数据和关键指标变化 - 服务类广告收入同比增长11%至2.03亿美元,其中家居服务类收入增长约15% [13][18] - 餐饮零售等其他类广告收入同比增长1%至1.14亿美元,受到经营环境挑战的影响 [21][22] - 多店铺收入同比增长约5%,也受到RR&O类业务的拖累 [22] 各个市场数据和关键指标变化 - Request-a-Quote项目量同比增长约20%,反映了付费项目获取策略的初步成效以及持续的有机消费者需求 [14] - 在搬家等关键类目,Request-a-Quote项目量和广告点击量大幅增加,平均点击成本(CPC)有明显下降 [14] 公司战略和发展方向及行业竞争 - 公司继续专注于服务类别,致力于为消费者和服务商提供最佳家居服务体验 [11] - 推出了基于大语言模型的Yelp助手等新功能,通过AI技术提升消费者和商家的连接体验 [15] - 推出Yelp Fusion AI API,将Yelp内容授权给第三方平台,扩大Yelp的触达范围 [15] - 在餐饮零售等类别,公司面临经营环境挑战,但相信长期来看这些类别也会复苏 [48][49] - 公司正在加大对企业客户的服务,包括与CRM系统集成等,以提升Request-a-Quote的转化 [51] 管理层对经营环境和未来前景的评论 - 公司对服务类业务的长期增长前景保持信心,将继续投资以捕捉这一大市场机会 [16][33] - 虽然餐饮零售等类别面临挑战,但相信长期来看这些类别也会复苏 [48][49] - 公司有信心通过创新和提高效率来推动长期盈利增长和股东价值 [33] 问答环节重要的提问和回答 问题1 **Unidentified Analyst 提问** 对于付费项目获取的学习和机会,公司有何看法 [36] **Jeremy Stoppelman 回答** 公司对付费项目获取的初步结果感到很高兴,项目量增长20%,点击量上升,CPC下降,反映了这一策略的成效 [37][38] 公司认为这一领域仍有很大的发展空间,未来还有很多优化和投入的机会 [38] 问题2 **Unidentified Analyst 提问** Yelp助手在降低消费者摩擦和提高转化率方面有何表现 [39] **Jeremy Stoppelman 回答** Yelp助手利用AI技术,能够更准确地理解消费者需求,以友好的方式收集项目信息,并向服务商提供更精准的线索,提升了用户体验 [40][41] 问题3 **Sergio Segura 提问** 公司为何在收入指引不变的情况下大幅增加投入,对2024年的信心来源何在 [53] **David Schwarzbach 回答** 公司在付费项目获取方面的早期成果很好,项目量、点击量上升,CPC下降,过去这种情况通常会带来广告主预算的增加,只是存在一定时滞 [55][56] 公司保持高效运营,在Q1开支仅增1%,为此次投入创造了空间,相信长期来看这种投入能带来良好回报 [57][58]

For the quarter ended March 2024, Yelp (YELP) reported revenue of $332.75 million, up 6.5% over the same period last year. EPS came in at $0.20, compared to $0.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $333.66 million, representing a surprise of -0.27%. The company delivered an EPS surprise of +400.00%, with the consensus EPS estimate being $0.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

EXHIBIT 99.1 Investments in Services Drove Yelp's First Quarter 2024 Results Net Revenue increased by 7% year over year to $333 million Net Income increased from the prior year to $14 million, reflecting a 4% margin Adjusted EBITDA grew 19% year over year to $64 million SAN FRANCISCO--(BUSINESS WIRE)-- May 9, 2024-- Yelp Inc. (NYSE: YELP), the trusted platform that connects people with great local businesses, today announced its financial results for the first quarter ended March 31, 2024 in the Q1 2024 Sha ...

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Wall Street analysts expect Yelp (YELP) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 100%. Revenues are expected to be $333.66 million, up 6.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consi ...

In this articleYELPDRIYUMCAVAThe new restaurant in your neighborhood may look familiar.Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report.Review site Yelp compiled the list by using a blended metric that includes net new openings, searches on its platform from 2022 to 2023 and consumer interest that was measured by page visits, posted photos and written reviews. Of the 50 fastest-growing ch ...

Yelp股价表现 - Yelp股价今年下跌超过10%，市场整体上涨，主要是因为公司发布的2024财年指引较为保守[2] - Yelp在过去已经多次表现出“超额预期”的特点，因此原始指引未达到共识并不令人过分担忧[4] - Yelp的企业价值相对较低，市值为28.1亿美元，净现金和有价证券为4.41亿美元，企业价值为23.7亿美元，对应2024年调整后的EBITDA倍数为7.3倍[6] Yelp财务决策 - Yelp的董事会批准今年再投入5亿美元用于回购股票，相当于公司当前市值的18%，反映出公司认为股价目前便宜[7] Yelp业务策略 - Yelp计划在2024年将重点放在服务类别上，这是其增长最快的收入驱动因素，同时调整后的EBITDA指引看起来非常保守[14] Yelp广告业务表现 - Yelp在第四季度的营收增长了11%，广告点击量增长了9%，每次点击成本也提高了4%，展示了在广告领域的韧性[12][13] 投资建议 - 不要轻视Yelp，考虑到公司在财年初期通常保守的指引，现在是投资Yelp的机会，等待公司在今年超越预期后悄然崛起[16]

Michael Vi Overview I previously rated a buy rating for Yelp Inc. (NYSE:YELP) in September 2023 as I was bullish on the stock's near-term outlook; in particular, I expected margin to continue expanding as revenue scales. Since then, the stock has moved up as I expected, reaching $48.99 at one point, which is near my target price. After reviewing the recent performance, my recommendation for YELP is a buy rating, as I see the risk-reward situation as attractive today. I believe the market has priced the ...

Yelp strictly prohibits offering incentives or other compensations in exchange for writing, changing, or removing a review. The platform investigates egregious attempts to manipulate ratings and reviews, and may warn consumers with a pop-up notice on the business's Yelp page. (Graphic: Yelp)Of the reviews contributed to Yelp in 2023, about 20% were either not recommended by its automated recommendation software or removed by its User Operations team as a result of the company's extensive trust and safety me ...