NYSE$YELP

Yelp Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Yelp's Q2 2022 earnings demonstrated strong advertiser demand, resulting in record net revenue.

Yelp's Q2 2022 earnings showcased a 16% year-over-year increase in net revenue, reaching $299 million, and a net income of $8 million. The company's success was driven by its product-led strategy and consistent execution, leading to record highs in net revenue and paying advertising locations. Yelp raises full-year outlook to $1.18 billion to $1.20 billion of Net revenue and $265 million to $285 million of Adjusted EBITDA.

  • Net revenue increased by 16% year-over-year to $299 million.
  • Net income reached $8 million.
  • Adjusted EBITDA increased to $67 million.
  • Self-serve and Multi-location channels now comprise 49% of total Ad revenue.

Headline financials

Total Revenue

$299M

Previous: $257M+16.2%
EPS (adj)

$0.11

Previous: $0.19-42.1%
Capital Expenditures

-$14.5M

Previous: -$13.3M-9.1%
Free Cash Flow

-$6.49M

Previous: -$9.07M+28.5%
Net Income

$8.01M

Previous: $4.21M+90.1%
Operating Income

$16M

Previous: -$1.08M+1580.2%
Gross Profit

-$24.2M

Previous: $239M-110.1%
Cash & Equivalents

$421M

Previous: $558M-24.6%
Total Assets

$1.02B

Previous: $1.11B-7.4%
Stock-Based Comp

$40.1M

Previous: $40.9M-2.0%

Revenue & EPS history

Yelp · Revenue · Quarterly

$299M

Q2 2022+16.2%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Yelp · $146M total across 1 segment · Q2 2022

  • Services Advertising
    $146M

Forward guidance

Yelp raises full-year outlook to $1.18 billion to $1.20 billion of Net revenue and $265 million to $285 million of Adjusted EBITDA

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.0%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.4%

Avg return

30 days after

50%

30 / 60 earnings

Positive

+25.0%

Q2 2018

Best reaction

-28.8%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-19.7%-18.4%
Q4 2025-8.1%-5.0%+4.4%
Q3 2025-10.0%-7.5%-7.6%
Q1 2025+9.2%+14.5%+3.5%
Q4 2024-7.9%-6.4%-13.6%
Q3 2024-1.9%+4.3%+5.9%
Q2 2024+0.4%+1.3%+1.6%
Q1 2024-6.2%-3.8%-6.4%
Q4 2023-13.1%-15.4%-14.3%
Q3 2023+7.1%+6.1%+6.1%
Q2 2023+3.2%+0.4%+0.1%
Q1 2023+1.0%+0.5%+23.7%
Q4 2022+0.1%-1.2%-10.2%
Q3 2022-17.6%-18.7%-17.9%
Q2 2022+16.7%+15.6%+3.4%
Q1 2022-9.2%-13.3%-11.9%
Q4 2021+1.0%+3.5%-10.3%
Q3 2021-3.2%-1.4%-12.9%
Q2 2021+9.0%+9.8%+4.8%
Q1 2021+1.9%+1.0%+0.7%
Q4 2020-2.4%-1.9%+10.1%
Q3 2020+14.2%+36.9%+53.5%
Q2 2020-17.7%-12.3%-17.6%
Q1 2020+6.0%+1.2%+22.3%
Q4 2019-0.4%-2.2%-33.4%
Q3 2019+6.3%+9.4%+2.0%
Q2 2019+7.0%+0.8%-4.8%
Q1 2019-16.1%-20.4%-22.4%
Q4 2018-1.8%+2.7%-9.7%
Q3 2018-28.8%-24.9%-22.9%
Q2 2018+25.0%+21.4%+17.1%
Q1 2018-8.1%-9.6%-12.3%
Q4 2017-12.8%-12.0%+5.3%
Q3 2017-1.6%-2.3%-6.1%
Q2 2017+24.2%+29.3%+33.3%
Q1 2017-20.6%-19.6%-14.8%
Q4 2016-13.5%-13.4%-16.6%
Q3 2016+9.5%+14.6%+11.3%
Q2 2016+16.3%+21.5%+20.7%
Q1 2016+22.5%
Q4 2015-13.3%
Q3 2015+0.2%
Q2 2015-25.7%
Q1 2015-23.1%
Q4 2014-20.5%
Q3 2014-19.8%
Q2 2014-3.3%
Q1 2014+8.7%
Q4 2013+15.0%
Q3 2013-0.8%
Q2 2013+23.2%
Q1 2013+23.8%
Q4 2010+4.2%
Q4 2012+0.8%
Q3 2011-20.5%
Q3 2012-14.9%
Q2 2011+15.6%
Q2 2012+10.2%
Q1 2011+3.7%
Q1 2012+3.7%

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