Yelp (YELP) Tops Q2 EPS by 3c; Guides Above the Street
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Yelp (NYSE: YELP) reported Q2 EPS of ($0.01), $0.03 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $55 million versus the consensus estimate of $53.3 million.
Yelp sees Q3 2013 revenue of $58-59 million, versus the consensus of $57.43 million.
Yelp sees FY2013 revenue of $222-224 million, versus the consensus of $219.9 million.
"We had a great second quarter with strong execution in all areas of our business as the Yelp brand becomes increasingly prevalent around the world," said Jeremy Stoppelman, Yelp's chief executive officer. "In the second quarter, we launched new features on the mobile app and created a Call to Action feature, yet another way for us to close the loop between consumers and local businesses. As we look to the rest of the year, we will continue to focus on driving innovation in mobile, integrating Qype, and closing the loop with local businesses."
"We are very pleased with our performance this quarter, with revenue growth accelerating to 69% year over year," added Rob Krolik, Yelp's chief financial officer. "This was driven by record results across all our key financial and operating metrics. We also saw considerable leverage in our business model with nearly a 400% increase in adjusted EBITDA as compared to last year."
For earnings history and earnings-related data on Yelp (YELP) click here.
Yelp sees Q3 2013 revenue of $58-59 million, versus the consensus of $57.43 million.
Yelp sees FY2013 revenue of $222-224 million, versus the consensus of $219.9 million.
"We had a great second quarter with strong execution in all areas of our business as the Yelp brand becomes increasingly prevalent around the world," said Jeremy Stoppelman, Yelp's chief executive officer. "In the second quarter, we launched new features on the mobile app and created a Call to Action feature, yet another way for us to close the loop between consumers and local businesses. As we look to the rest of the year, we will continue to focus on driving innovation in mobile, integrating Qype, and closing the loop with local businesses."
"We are very pleased with our performance this quarter, with revenue growth accelerating to 69% year over year," added Rob Krolik, Yelp's chief financial officer. "This was driven by record results across all our key financial and operating metrics. We also saw considerable leverage in our business model with nearly a 400% increase in adjusted EBITDA as compared to last year."
For earnings history and earnings-related data on Yelp (YELP) click here.
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