Yelp Q1 revenue rises 1% to $361 million; net income falls 27% to $18 million
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.
Key points
- 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.
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 May 07, 2026.
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.