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Yelp Drops 9%: Q3 Beats, Q4 Revenue View Misses

CEO Jeremy Stoppelman was upbeat, saying the company had "executed well,” and pointing to the "positive net income."

Added Stoppelman, "Traffic growth continues to be healthy, with app unique devices growing 21% year-over-year, and our retention efforts have contributed to strong double-digit advertiser account growth.”

Revenue in the three months ended in September rose 19%, year over year, to $222.4 million, yielding EPS of 29 cents, excluding some costs, topping consensus for $220.75 million.

For the current quarter, the company sees revenue in a race of $211 million to $216 million, which is below the consensus for $233 million.

For the full year, that adds up to revenue of $839 million to $844 million, again, below consensus for $861.5 million.

Among key “metrics” for the quarter, Yelp said its number of “cumulative reviews” rose by 23%, year over year, to 142 million, while the total number of paying advertising accounts rose by 18% to "approximately 155,0002."


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