Yelp (YELP) PT Raised to $55 at RBC Capital on Robust Local Advertising
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Yelp Announces Third Quarter 2016 Financial Results
November 2, 2016 7:30 AM EDTLocal 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