Yelp (NYSE: YELP) reported Q2 EPS of ($0.33), $0.18 better than the analyst estimate of ($0.51). Revenue for the quarter came in at $169 million versus the consensus estimate of $153.46 million.

• Second Quarter 2020 Net Revenue of $169 Million
• Net Loss of $24 Million
• Adjusted EBITDA of $11 Million
• As of June 30, 2020, the Company had $526 Million of Cash and Cash Equivalents

“Our second quarter results demonstrate the resilience of our business, in spite of the significant headwinds faced by local economies following the emergence of COVID-19,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “Due to our disciplined actions on expenses, coupled with solid revenue performance, we added $35 million of Cash and cash equivalents to our Balance sheet. Though the pace of economic recovery remains uncertain and will not be uniform, we have confidence in our ability to execute in this environment and in the strength of our diversified business.”

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