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

CL Earnings: Key quarterly highlights from Colgate-Palmolive Company’s Q4 2022 financial results

Colgate-Palmolive Company (NYSE: CL) reported fourth quarter 2022 earnings results today. Net sales increased 5% year-over-year to $4.62 billion. Organic sales growth was 8.5%. Net income attributable to Colgate-Palmolive Company was

Key highlights from Chevron Corporation’s (CVX) Q4 2022 earnings results

Chevron Corporation (NYSE: CVX) reported fourth quarter 2022 earnings results today. Total revenues and other income were $56.4 billion compared to $48.1 billion in the year-ago period. Net income attributable

AXP Earnings: All you need to know about American Express’ Q4 2022 earnings results

American Express Company (NYSE: AXP) reported fourth quarter 2022 earnings results. Consolidated total revenues net of interest expense were $14.2 billion, up 17% from a year ago. Net income was

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