Yelp (YELP) Stock Gains 4% Following Q3 Beat

Yelp (NYSE: YELP) reported its Q3 results, with EPS coming in at $0.23, beating the consensus estimate of $0.00. Quarterly revenue grew 22% year-over-year to $269.2 million, compared to the consensus estimate of $261.77 million.

According to Jeremy Stoppelman, co-founder and CEO of Yelp, the company’s net revenue matched its best quarterly performance ever, with four consecutive quarters of record revenue in its Services categories and Self-serve channel.

The company provided its Q4 outlook, expecting revenue of $265-275 million, compared to the consensus estimate of $275.2 million.

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