Categories Earnings, Technology

Yelp (NYSE: YELP): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Yelp Inc. (NYSE: YELP) reported its fourth-quarter 2019 earnings of $0.24 per share vs $0.26 per share expected.  

— Revenue rose by 10% to $269 million versus $273.65 million expected. Results were hurt by seasonal reductions by small- and medium-sized business customers.

— David Schwarzbach, a former eBay executive, will take charge as Chief Financial Officer, effective February 14.

— Christine Barone, CEO of True Food Kitchen, will join Yelp board on March 1. 

— YELP stock fell 7.1% following the announcement. 

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