Yelp Reports Third Quarter Earnings Beat with $0.63 GAAP EPS
Yelp Inc. (NYSE: YELP) reported third-quarter financial results that exceeded analyst expectations, posting a GAAP earnings per share of $0.63, which beat consensus by $0.20. The company's revenue reached $371 million, slightly surpassing estimates by $2.39 million despite representing a 1.3% year-over-year decline. Despite the quarterly beat, Yelp provided updated guidance for 2026 that fell short of market consensus. The revised net revenue range of $1.455 billion to $1.460 billion is lower than the anticipated $1.47 billion, and adjusted EBITDA is projected between $320 million and $325 million. Consequently, the stock saw a decline in after-hours trading.
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