Categories Earnings, Technology

Yelp (NYSE: YELP): Q3 2019 Earnings Snapshot

— Yelp Inc. (NYSE: YELP) reported its third-quarter 2019 earnings of $0.14 per share versus $0.19 per share expected.

— Net revenue rose by 9% to $262.47 million versus $262.25 million expected. This was driven primarily by growth in the number of paying advertising locations and improved productivity from its advertising sales force.

Yelp Q3 2019 Earnings Snapshot

— The number of paying advertising locations in the third quarter grew 7% year-over-year to 563,000.

— App unique devices increased by 11% to 38 million. Cumulative reviews grew by 17% to 199 million.

— The company generated 42% more ad clicks for Yelp advertisers than last year, resulting in a 22% year-over-year decrease in the cost per click.

— Looking ahead into the fourth quarter, the company expects net revenue growth in the range of 11-13%. The consensus estimates revenue growth at 14.10%.

— For the full year 2019, the company now expects net revenue growth of 8% compared to the previous estimates of 8-10%. The street predicts revenue growth at 8.50%.

— The adjusted EBITDA margins are anticipated to rise by 2-3 percentage points each for the fourth quarter and the full year 2019.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Earnings Preview: FedEx looks set to report mixed results for Q4 2025

FedEx Corp. (NYSE: FDX) is preparing to report fourth-quarter earnings on Tuesday, June 24, at 4:00 pm ET. Recently, the management lowered its full-year earnings and revenue guidance for the

How Ulta Beauty’s (ULTA) new strategy is fueling growth

Shares of Ulta Beauty, Inc. (NASDAQ: ULTA) were up over 1% on Monday. The stock has gained 31% over the past three months. The beauty retailer started fiscal year 2025

Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results

The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top