RBC Capital Downgrades Yelp (YELP) to Sector Perform; 'Very Negative' Q1 Results
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Yelp Announces First Quarter 2015 Financial Results
April 29, 2015 4:05 PM EDTSAN FRANCISCO, April 29, 2015 /PRNewswire/ --Â Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced financial results for the first quarter ended March 31, 2015.
Net revenue was $118.5 million in the first quarter of 2015 reflecting 55% growth over the first quarter of 2014. Adjusted EBITDA for the first quarter of 2015 was $16.3 million, reflecting a 92% increase over the first quarter of 2014. Cumulative reviews grew 36% year over year to approximately 77 million, including a record 6 million reviews contributed in the quarter. Average monthly mobile unique visitors... More