YELP Stock Recent News

Cava and Wawa are among the companies that topped Yelp's list of the fastest-growing brands in the nation based off net new locations and consumer interest.

Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to Yelp.

Yelp Should Outperform Despite Lowered Expectations

Yelp's revenue grew 13% in 2023 from 2022, surpassing 2019 level. Despite increased user engagement, Yelp faces challenges in attracting new platform users. Market undervalues Yelp at just 12.3 times PE Ratio, significantly lower compared to peers, offering investment potential.

Yelp's recent performance has exceeded expectations, with strong revenue and EBITDA growth. The company's focus on increasing ARPU and improving marketing ROI is driving revenue growth. The market is underestimating Yelp's ability to overcome near-term challenges, presenting an attractive buying opportunity.

Yelp sees growth slowing in 2024 as it invests in its services business. It reported solid growth on the top and bottom lines.

Although the revenue and EPS for Yelp (YELP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Yelp Inc. (YELP) Q4 2023 Earnings Call Transcript

The company forecasts full-year adjusted Ebitda between $315 million and $335 million, below the Street estimate at $341 million.

A California federal judge has refused to shield Yelp from a lawsuit by the state of Texas accusing it of posting misleading notices about crisis pregnancy centers on its online review site.