Yelp Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 04:06 pm EST
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Yelp Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 342.38 million compared to USD 309.1 million a year ago. Net income was USD 27.41 million compared to USD 20.15 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.28 a year ago.
For the full year, sales was USD 1,337.06 million compared to USD 1,193.51 million a year ago. Net income was USD 99.17 million compared to USD 36.35 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 0.5 a year ago.
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. 
