Yelp (NYSE: YELP) reported Q3 EPS of $0.29, $0.31 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $222.4 million versus the consensus estimate of $220.8 million.

Third Quarter 2017 Financial Highlights

• Net revenue was $222.4 million in the third quarter of 2017, representing 19% growth over the third quarter of 2016.
• GAAP net income in the third quarter of 2017 was $7.9 million, or $0.09 per diluted share, compared to GAAP net income of $2.1 million, or $0.02 per diluted share, in the third quarter of 2016.
• Adjusted EBITDA for the third quarter of 2017 was $42.8 million compared to $33.7 million in the third quarter of 2016.
• EBITDA for the third quarter of 2017 was $17.5 million compared to EBITDA of $11.1 million in the third quarter of 2016.
• Non-GAAP net income was $25.4 million, or $0.29 per diluted share, for the third quarter of 2017, compared to $18.4 million, or $0.22 per diluted share, in the third quarter of 2016.

Third Quarter 2017 Revenue Summary

• Advertising revenue totaled $199.6 million, representing 18% growth compared to the third quarter of 2016.
• Transactions revenue totaled $18.5 million, representing 16% growth compared to the third quarter of 2016.
• Other services revenue totaled $4.3 million, compared to $1.4 million in the third quarter of 2016.

Third Quarter 2017 Key Business Metrics Highlights

• Cumulative reviews grew 23% year over year to approximately 142 million.
• App unique devices grew 21% year over year to approximately 30 million on a monthly average basis1.
• Paying advertising accounts grew 18% year over year to approximately 155,0002.

GUIDANCE:

Yelp sees FY2017 revenue of $839-844 million, versus the consensus of $860 million.

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