Cowen Downgrades Yelp (YELP) to Market Perform
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July 28, 2015 6:19 PM EDT
SAN FRANCISCO, July 28, 2015 /PRNewswire/ --Â Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced that Max Levchin has resigned as Chairman and Director to pursue other interests, effective immediately.
"We thank Max for all his contributions to Yelp since its founding in 2004 when he provided the seed capital to start the company," said Jeremy Stoppelman, Yelp's chief executive officer. "Max saw Yelp grow from just... More
July 28, 2015 4:05 PM EDT
SAN FRANCISCO, July 28, 2015 /PRNewswire/ --Â Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced financial results for the second quarter ended June 30, 2015.
Net revenue was $133.9 million in the second quarter of 2015 reflecting 51% growth over the second quarter of 2014.
Adjusted EBITDA for the second quarter of 2015 was $22.7 million, reflecting a 32% increase over the second quarter of 2014.
Cumulative reviews grew 35% year over year to approximately 83 million.
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