Yelp (YELP) Tops Q2 EPS by 7c; Issues Solid Outlook

Yelp (NYSE: YELP) reported Q2 EPS of $0.04, $0.07 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $88.8 million versus the consensus estimate of $86.32 million. Adjusted EBITDA for the second quarter of 2014 was $17.2 million, compared to $7.8 million for the second quarter of 2013.

Yelp sees Q3 2014 revenue of $98-99 million, versus the consensus of $95.4 million.

Yelp sees FY2014 revenue of $372-375 million, versus the consensus of $365.9 million.

"We delivered great results this quarter," said Jeremy Stoppelman, Yelp's chief executive officer. "Our consistent focus and strong execution across all areas of our business have driven our growth quarter after quarter. We also became profitable for the first time as a public company. While this is an important milestone, we still have a large local opportunity ahead of us."

"We achieved revenue growth of 61% year over year, driven by acceleration across all of our cohorts and strong results in our key operating metrics," added Rob Krolik, Yelp's chief financial officer. "We also saw considerable leverage in the model with more than a 120% increase in adjusted EBITDA compared to last year. Given our strong performance and large addressable market, we plan to continue to invest in the business."

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

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