Yelp (YELP) Investors Buy in Following Narrower-than-Expected Q3 Loss, Solid Operating Metrics

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Yelp Announces Third Quarter 2015 Financial Results

October 28, 2015 4:06 PM EDT

SAN FRANCISCO, Oct. 28, 2015 /PRNewswire/ -- Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced financial results for the third quarter ended September 30, 2015.

Net revenue was $143.6 million in the third quarter of 2015 reflecting 40% growth over the third quarter of 2014. Adjusted EBITDA for the third quarter of 2015 was $12.5 million compared to $20.1 million in the third quarter of 2014. Cumulative reviews grew 35% year over year to approximately 90 million. App Unique... More