Yelp (YELP) Tops Q3 EPS Views; Guides FY16 Revenue Above Expectations

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Go back to Yelp (YELP) Tops Q3 EPS Views; Guides FY16 Revenue Above Expectations

Yelp Announces Third Quarter 2016 Financial Results

November 2, 2016 7:30 AM EDT

Local Revenue Increases 41% Over Third Quarter 2015

SAN FRANCISCO--(BUSINESS WIRE)-- Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced financial results for the third quarter ended September 30, 2016.

Net revenue was $186.2 million in the third quarter of 2016, reflecting 30% growth over the third quarter of 2015. Cumulative reviews grew 29% year over year to approximately 115 million. App Unique Devices grew 24% year over year to approximately 25 million on a monthly average basis1. Local advertising... More