Every material Form 8-K Yelp filed with the SEC in 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 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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Yelp filing is on SEC EDGAR ↗. 8-K briefs of other companies →