Yelp Q3 revenue rises 4% to $360 million; net income falls 34%; agrees to buy RepairPal
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.
Key points
- 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
The filing
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 November 07, 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.