Yelp Beats Earnings and Predicts Double-Digit Revenue Growth Through 2025

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