Press "Enter" to skip to content

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.

Top
%d bloggers like this: