Every material Form 8-K Yelp has filed with the SEC since May 09, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Yelp reported third-quarter 2026 results on November 5, 2026, with net revenue of $371 million, down 1% from a year earlier, and net income of $35 million, down 12%. Diluted earnings per share rose to $0.63 from $0.61, and adjusted EBITDA fell 6% to $92 million. Yelp also updated its 2026 outlook to net revenue of $1.455 billion to $1.460 billion and adjusted EBITDA of $320 million to $325 million, but the filing does not state the prior outlook, so the direction of the change cannot be determined.
Net revenue was $371 million, down 1% from $376 million, and $1 million above the high end of the company's third-quarter outlook range.
Net income was $35 million, versus $39 million a year earlier; diluted EPS was $0.63, versus $0.61.
Adjusted EBITDA was $92 million, down 6% from $98 million, with a 25% margin.
For 2026, Yelp expects net revenue of $1.455 billion to $1.460 billion and adjusted EBITDA of $320 million to $325 million.
Yelp reported second-quarter 2026 net revenue of $376 million, up 1% from a year earlier and $8 million above the high end of its outlook range. Net income fell 28% to $32 million, and adjusted EBITDA fell 9% to $91 million, so profit declined even as sales edged up. The company also narrowed its full-year 2026 outlook to $1.460 billion to $1.470 billion in net revenue and $315 million to $325 million in adjusted EBITDA.
Net revenue was $376 million, up 1% year over year; advertising revenue fell 3% while other revenue rose 98% to a record $33 million.
Net income was $32 million, or $0.57 per diluted share, versus $44 million, or $0.67 per diluted share, in the second quarter of 2025.
Adjusted EBITDA was $91 million, down 9%, and $16 million above the high end of the outlook range.
Full-year 2026 outlook narrowed to $1.460 billion to $1.470 billion in net revenue and $315 million to $325 million in adjusted EBITDA.
At its June 5, 2026 annual meeting, Yelp stockholders approved an amendment that adds 2,100,000 shares to the Employee Stock Purchase Plan, and all nine director nominees were elected. Chief Product Officer Craig Saldanha will step down effective July 3, 2026, and Akhil Kuduvalli Ramesh, Senior Vice President, Product, will succeed him in that role.
Stockholders approved raising the ESPP's maximum share pool by 2,100,000 shares, subject to capitalization adjustments; the Restated ESPP took effect June 5, 2026
Craig Saldanha, who served more than four years with the company, steps down as Chief Product Officer effective July 3, 2026
Akhil Kuduvalli Ramesh, Senior Vice President, Product, has been appointed Chief Product Officer after that date
Stockholders ratified Deloitte & Touche LLP for 2026 with 99.4% of votes in favor; advisory say-on-pay received 93.7% in favor
Yelp reported first-quarter 2026 net revenue of $361 million, up 1% from a year earlier, and net income of $18 million, down 27%. Adjusted EBITDA fell 7% to $79 million, but revenue and adjusted EBITDA both came in above the high end of the company's outlook, and Yelp reaffirmed its full-year 2026 net revenue and adjusted EBITDA ranges. For shareholders, top-line growth and reaffirmed guidance sit alongside lower profit and a 27% drop in net income.
Net revenue was $361 million, up 1% year over year and $6 million above the high end of the outlook range; other revenue rose 75% to a record $29 million.
Net income was $18 million, or $0.30 per diluted share, versus $24 million, or $0.36 per diluted share, in the first quarter of 2025.
Adjusted EBITDA was $79 million, down 7%, with a 22% margin; the company reaffirmed 2026 net revenue of $1.455 billion to $1.475 billion and adjusted EBITDA of $310 million to $330 million.
Yelp repurchased about 5.1 million shares for $125 million in the quarter, and cash and cash equivalents ended the quarter at $110 million.
Yelp said Chief Technology Officer Sam Eaton will step down effective June 30, 2026, after more than 13 years with the company. Alex Levy, the company's Senior Vice President, Engineering, has been appointed to serve as Chief Technology Officer after that date.
Sam Eaton notified Yelp of his decision on April 23, 2026, and steps down as CTO effective June 30, 2026.
Eaton had been with Yelp for more than 13 years.
Alex Levy, currently Senior Vice President, Engineering, will become Chief Technology Officer following June 30, 2026.
Yelp reported record full-year 2025 net revenue of $1.46 billion, up 4%, and net income of $146 million, up 10%, with diluted earnings per share of $2.24. Fourth-quarter results were weaker, with net revenue down 1% and adjusted EBITDA down 15%, and the company guided 2026 adjusted EBITDA to $310 million to $330 million, below the $369 million reported for 2025, as it invests in its AI transformation.
Full-year 2025 net revenue was a record $1.46 billion, up 4%; net income was $146 million; diluted EPS was $2.24, up 19%.
Fourth-quarter 2025 net revenue was $360 million, down 1%, and adjusted EBITDA was $86 million, down 15% from $101 million a year earlier.
2026 outlook: net revenue of $1.455 billion to $1.475 billion and adjusted EBITDA of $310 million to $330 million.
Restaurants, Retail & Other advertising revenue fell 6% to $444 million, while Services advertising revenue rose 8% to a record $948 million.
Yelp entered into an amendment to its revolving credit agreement on December 18, 2025, raising total borrowing capacity to $325.0 million and naming Wells Fargo as the new administrative and collateral agent in place of JPMorgan Chase. No loans were outstanding as of the filing date, and letters of credit totaled $4.2 million. The filing states no material changes to interest, fees, covenants or events of default.
Total borrowing capacity increased to $325.0 million under the amended credit agreement
Letter of credit sub-limit increased to $35.0 million; $4.2 million of letters of credit were outstanding
No loans were outstanding as of the filing date
Wells Fargo Bank replaces JPMorgan Chase Bank as administrative and collateral agent
Yelp reported third-quarter 2025 net revenue of $376 million, up 4% from a year earlier and $6 million above the high end of its outlook range, while net income rose 2% to $39 million. Adjusted EBITDA fell 3% to $98 million, and the company updated its full-year 2025 outlook to net revenue of $1.460 billion to $1.465 billion and adjusted EBITDA of $360 million to $365 million.
Q3 net revenue $376 million, up 4% year over year; diluted EPS $0.61 versus $0.56 in Q3 2024
Adjusted EBITDA $98 million, down 3%; adjusted EBITDA margin 26% versus 28% a year earlier
2025 outlook: net revenue $1.460 billion to $1.465 billion; adjusted EBITDA $360 million to $365 million
Repurchased approximately 2.3 million shares for $75 million in the third quarter
Yelp increased its board from eight to nine directors and appointed Logan Green to the new seat, effective immediately, on August 19, 2025. Green will serve as an independent director until the 2026 Annual Meeting, and the board expects to assign him to committees later.
Board size increased from eight to nine directors; Logan Green appointed to the new seat, effective immediately
Green receives standard non-employee director compensation, including restricted stock units valued at $325,000
Company intends to enter a standard indemnification agreement with Green
Yelp reported record second-quarter 2025 net revenue of $370 million, up 4% from a year earlier, and net income of $44 million, up 16%. The company narrowed its full-year 2025 outlook to $1.465 billion to $1.475 billion in net revenue and $350 million to $360 million in adjusted EBITDA. Ad clicks fell 7%, and advertising revenue from restaurant, retail and other categories declined 5%, which shows that growth is concentrated in Services.
Q2 2025 net revenue was $370.4 million, up from $357.0 million in Q2 2024; adjusted EBITDA was $100.5 million, up 10%
Diluted earnings per share were $0.67, compared with $0.54 in the second quarter of 2024
Full-year 2025 net revenue outlook narrowed to $1.465 billion to $1.475 billion; adjusted EBITDA outlook narrowed to $350 million to $360 million
In Q2 the company repurchased about 1.9 million shares for $65.9 million; Services ad revenue rose 8% while RR&O ad revenue fell 5%
Yelp reported first-quarter 2025 net revenue of $359 million, up 8% from a year earlier, with net income of $24 million, or $0.36 per diluted share, versus $0.20 a year earlier. The company also updated its 2025 outlook to net revenue of $1.465 billion to $1.485 billion and adjusted EBITDA of $345 million to $365 million, which matters to shareholders because it sets the company's full-year targets.
Q1 2025 net revenue was $359 million, up 8% year over year and $4 million above the high end of the company's first-quarter outlook range.
Net income was $24 million, up 72% from $14 million, with diluted earnings of $0.36 per share versus $0.20 a year earlier.
Adjusted EBITDA was $85 million, up 32%, and $15 million above the high end of the company's outlook range.
2025 outlook: net revenue of $1.465 billion to $1.485 billion and adjusted EBITDA of $345 million to $365 million.
On March 25, 2025, Yelp director Chris Terrill told the board he will not stand for reelection at the company's 2025 annual meeting of stockholders. He will remain on the board and the Nominating and Corporate Governance Committee until that meeting, and he said the decision was not due to any disagreement with the company over its operations, policies or practices.
Chris Terrill notified the board of his decision on March 25, 2025
He will stay on the board and the Nominating and Corporate Governance Committee until the 2025 annual meeting
His resignation from those positions takes effect when directors are elected at the annual meeting
He stated the decision was not related to any disagreement with the company
Yelp reported fourth-quarter and full-year 2024 results on February 13, 2025. Full-year net revenue rose 6% to a record $1.41 billion and net income rose 34% to $133 million, while adjusted EBITDA grew 8% to $358 million. The company also gave a 2025 outlook of $1.470 billion to $1.485 billion in net revenue and $345 million to $360 million in adjusted EBITDA, with Services advertising growth offsetting weaker Restaurants, Retail & Other advertising.
Q4 2024 net revenue was $362 million, up 6% year over year and $10 million above the high end of the company's outlook range.
Full-year 2024 diluted earnings per share were $1.88, compared with $1.35 in 2023.
Services advertising revenue rose 11% to $879 million, while Restaurants, Retail & Other advertising fell 3% to $470 million.
For 2025, Yelp expects net revenue of $1.470 billion to $1.485 billion and adjusted EBITDA of $345 million to $360 million.
Yelp reported third-quarter 2024 net revenue of $360 million, up 4% from a year earlier, and net income of $38 million, down 34% from $58 million. It also adjusted its full-year 2024 outlook to $1.397 billion to $1.402 billion of net revenue and $341 million to $346 million of Adjusted EBITDA, and agreed to acquire RepairPal for approximately $80 million in cash, with closing expected by year-end. Revenue grew while profit declined, and shareholders will weigh the RepairPal deal against that mix.
Q3 net revenue rose 4% to $360 million; diluted EPS was $0.56 versus $0.79 a year earlier
Q3 Adjusted EBITDA was $101 million, up 5%, with a 28% margin; the company said this was $14 million above the high end of its outlook range
Full-year 2024 outlook adjusted to $1.397 billion–$1.402 billion net revenue and $341 million–$346 million Adjusted EBITDA
RepairPal acquisition for approximately $80 million in cash; RepairPal generated about $30 million in revenue over the twelve months ended August 31, 2024
Yelp reported second-quarter 2024 results on August 8, 2024, with net revenue up 6% year over year to a record $357 million and net income up 158% to $38 million, or $0.54 per diluted share. The company also adjusted its full-year 2024 outlook to $1.410 billion to $1.425 billion of net revenue and $325 million to $335 million of adjusted EBITDA, though the filing does not state the prior outlook. Shareholders get stronger profit alongside revenue growth, while the filing notes that restaurant and retail advertisers remain under pressure.
Q2 2024 net revenue was $357 million, up 6% year over year, and $2 million above the high end of the company's outlook range.
Q2 2024 net income was $38 million, or $0.54 per diluted share, versus $15 million, or $0.21 per diluted share, in Q2 2023; adjusted EBITDA was $91 million, up 9%.
Services advertising revenue rose 11% to $223 million, while RR&O advertising revenue fell 3%, and paying advertising locations decreased 6% to 531,000.
Full-year 2024 outlook: net revenue of $1.410 billion to $1.425 billion and adjusted EBITDA of $325 million to $335 million.
Yelp reported first-quarter 2024 net revenue of $333 million, up 7% from a year earlier, and net income of $14 million, or $0.20 per diluted share, compared with a net loss of $1 million in the first quarter of 2023. Adjusted EBITDA rose 19% to $64 million, $12 million above the high end of its outlook range, and the company reaffirmed its 2024 net revenue outlook of $1.42 billion to $1.44 billion while narrowing its adjusted EBITDA outlook to $315 million to $325 million.
Net revenue was $333 million, up 7% year over year, driven mainly by advertising revenue; Services advertising revenue rose 11% to $203 million.
Net income was $14 million, or $0.20 per diluted share, versus a net loss of $1 million in the prior-year quarter; adjusted EBITDA was $64 million, a 19% margin.
Full-year 2024 net revenue outlook of $1.42 billion to $1.44 billion was reaffirmed; adjusted EBITDA outlook was narrowed to $315 million to $325 million.
Yelp repurchased about 1.5 million shares for $62.5 million in the first quarter.
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