Yelp Beats Earnings and Predicts Double-Digit Revenue Growth Through 2025
Skift Take
After much shareholder pressure to deliver, Yelp was ready for its moment in the sun after reporting earnings that easily topped Wall Street's estimates.
Much to the delight of investors, Yelp crushed Wall Street expectations when it reported fourth quarter earnings after market close on Wednesday.
The user-generated review site grew revenue by 11 percent over the period, up to $244 million, due to a double-digit improvement in advertising revenue. Yelp’s overall revenue for the year also jumped 11 percent to $943 million, according to the company.
CEO Jeremy Stoppelman warned investors, however, that 2019 will be a year of transition for the company as, “we continue to reposition
