David Schwarzbach, YELP: Record quarter thanks to inflation
November 03, 2023 at 03:36 pm EDT
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Yelp CFO David Schwarzbach talks about the group's results: 10th consecutive quarter of double-digit growth for the company. He maintains that the group's new strategy is bearing fruit, and highlights 20% growth in home services in the third quarter.
Yelp Inc. connects consumers with local businesses. The Company's advertising products enable businesses of all sizes reach a large audience, advertise their products and drive conversion of their services. It offers a range of free and paid advertising products to businesses of all sizes, which include CPC Advertising (Yelp Ads) and Multi-location Ad Products. Its business page products include Free Business Account, Upgrade Package, Branded Profile, Enhanced Profile, Verified License, Business Highlights, Portfolio, Yelp Connect, Logo and Nearby Jobs. In addition to its advertising products, it also offers features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp. It offers subscription services, licensing payments for access to Yelp data and other non-advertising, non-transaction arrangements. It sells its advertising products through online, its Website and Yelp for Business app, and indirectly through partners.
YELP INC. 
