Yelp IncYELP
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Yelp beat Q2 revenue and EPS estimates, driven by AI growth and data licensing.
Impact on stocks 1
Communication Services
Yelp IncYelp reported second-quarter results that beat Wall Street expectations, driven by accelerating growth in AI-driven offerings and data licensing partnerships. Revenue came in at $375.5 million, above analyst estimates of $367 million, while adjusted EPS of $0.95 beat the $0.78 consensus. The company reconfirmed full-year revenue guidance of $1.47 billion at the midpoint and EBITDA guidance of $320 million, in line with expectations. During the earnings call, analysts questioned management on strategic investments in Hatch, the economic impact of data licensing deals like ChatGPT, cross-selling between Yelp Host and advertising, changes in paid lead acquisition for multi-location Services advertisers, and traffic tailwinds from Google algorithm updates.
Yelp IncYelp beat Q2 revenue and EPS estimates, driven by AI growth and data licensing.