Categories AlphaGraphs, Earnings, Technology

Yelp Q2 earnings: All key figures

Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated.

YELP shares rose 4% immediately following the announcement. The stock has declined 23% so far this year.

Yelp Q2 2020 earnings

Looking forward to listening to management/ analyst comments on Q2 results? Stay tuned here for Yelp Q2 2020 earnings call transcript

Yelp said in its letter to shareholders, “In late May, as local economies began to reopen and consumers and local businesses were adapting to the new “normal,” we saw both traffic and CPC advertising budgets begin to recover. In June, we continued to see steady improvements in ad budgets and increased retention, benefitting from a strong rate of return from customers who had received relief in April and May.”

Q1 performance

yelp Q1 2019 earnings infographic
Also Read:  No concerns on margin side: Trxade (MEDS) CEO Suren Ajjarapu

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