Mark Holder
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Yelp: Q1'16 Quick Take

Yelp (YELP) reported a fantastic quarter after the close. The consumer review site finally showed signs of life with the following numbers: 

  •  Net revenue was $158.6 million in the first quarter of 2016, reflecting 42% growth compared to the first quarter of 2015 when excluding brand revenue.
  • Cash flow from operations was $23.9 million in the first quarter. Adjusted EBITDA for the first quarter of 2016 was $13.0 million.
  • Cumulative reviews grew 31% year over year to approximately 102 million.
  • App Unique Devices grew 32% year over year to approximately 21 million on a monthly average basis.      

  • The stock remains cheap with revenue expectations of $700 million and progress in growing unique mobile devices that helps Yelp bypass Google (GOOG)(GOOGL). Continue buying the stock below $25. 

    Disclosure: Long YELP