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AI brief of an SEC Form 8-K · Yelp (YELP)

Yelp Q2 net revenue rises 6% to record $357 million; net income $38 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyYelp (YELP)
Form8-K, current report
Filed with the SECAug 8, 2024, 4:07 PM ET
Accession number0001345016-24-000049

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.