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Yelp Reports Second Quarter 2017 Financial Results
August 3, 2017 4:06 PM EDTRevenue Increases 20% Over Second Quarter 2016; Announces Proposed Sale of Eat24 and Partnership with Grubhub
Board Authorizes $200 Million Share Repurchase Program
SAN FRANCISCO--(BUSINESS WIRE)-- Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced financial results for the second quarter ended June 30, 2017.
We performed well in the second quarter, growing revenue by 20% and driving strong growth in app usage and advertiser accounts, said Jeremy Stoppelman, Yelps co-founder and chief executive officer. We generated strong profitability in the second quarter, even... More
Grubhub and Yelp Announce Long-term Partnership to Connect Consumers with the Best Food Ordering Options
August 3, 2017 4:01 PM EDTCHICAGO and SAN FRANCISCO, Aug. 3, 2017 /PRNewswire/ --Â Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food ordering company, and Yelp Inc. (NYSE: YELP), the leader in connecting people with great local businesses, today announced a long-term partnership designed to capitalize on each company's unique assets and propel online takeout and delivery. As part of the agreement, Grubhub will acquire Yelp's Eat24 business and Yelp will integrate online ordering from all Grubhub restaurants onto its extensive local goods and services... More
