YELP Stock Recent News
YELP LATEST HEADLINES
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.
Online business review forum Yelp has added more (artificial intelligence) AI-powered search tools. “For years, we've leveraged AI to help reduce consumers' decision paralysis — from spotlighting the most popular dishes and drinks, to using LLMs (large language models) to power review highlights for more nuanced searches,” the company said Tuesday (Jan. 30) in a news release.
Yelp's stock has tumbled 6% since the start of the year, creating an opportunistic entry point for investors. Yelp has become a reliable hub of information on local businesses, making it a trustworthy platform for reviews. Yelp's most recent results showcased a strong acceleration in ad clicks, highlighting strong consumer engagement on the platform.
The online review pioneer has made its advertising business more cost effective, helping the stock make its best run in years.
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