Yelp (YELP) Posts Q1 Loss of 4c/Share; Guides FY14 Revs Above Consensus

Yelp (NYSE: YELP) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $76.4 million versus the consensus estimate of $75.06 million.

Yelp sees Q2 2014 revenue of $85-86 million, versus the consensus of $85.44 million.

Yelp sees FY2014 revenue of $363-367 million, versus the consensus of $358.9 million.

"We had a great start to the year and are excited about the large opportunity ahead of us," said Jeremy Stoppelman, Yelp's chief executive officer. "Yelp is becoming the gold standard in local search. In the first quarter, we announced our integration into Yahoo local search, building on our existing partnerships with Apple Maps and Bing. We also entered into an advertising partnership with YP.com which will enable us to introduce Yelp to an even broader pool of business owners. Looking to the rest of the year, we will continue to support and engage our community of Yelpers, expand geographically and create innovative products that close the loop with business owners."

"We continue to deliver outstanding results with year over year revenue growth of 66%," added Rob Krolik, Yelp's chief financial officer. "We are pleased to announce that we are raising guidance for the full year due to the momentum we're seeing in the business. We will also continue to invest in hiring, geographic expansion and product innovation to capture the large local opportunity in front of us."

For earnings history and earnings-related data on Yelp (YELP) click here.

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