NYSE$YELP

Yelp Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Yelp's Q4 2022 financial results were released, showcasing record net revenue and strong advertiser demand.

Yelp's Q4 2022 results demonstrated strong performance, with record net revenue driven by advertising revenue from services businesses and efficient sales channels. The company also achieved record levels in the number of business locations advertising on Yelp and average spending per location.

  • Net revenue increased to $309.103 million compared to $273.400 million year over year.
  • Net income attributable to common stockholders was $20.145 million compared to $23.190 million year over year.
  • Adjusted EBITDA was $80.408 million compared to $68.118 million year over year.
  • The company expects 2023 Net revenue will be in the range of $1.29 billion to $1.31 billion.

Headline financials

Total Revenue

$309M

Previous: $273M+13.1%
EPS (adj)

$0.28

Previous: $0.25+12.0%
Capital Expenditures

$11.9M

Previous: $6.68M+77.7%
Free Cash Flow

$32.6M

Previous: $38.2M-14.7%
Net Income

$20.1M

Previous: $23.2M-13.1%
Operating Income

$33.4M

Previous: $19.6M+70.4%
Gross Profit

$281M

Previous: $249M+12.5%
Cash & Equivalents

$306M

Previous: $480M-36.1%
Total Assets

$1.02B

Previous: $1.05B-3.3%
Stock-Based Comp

$36.3M

Previous: $35.1M+3.4%

Revenue & EPS history

Yelp · Revenue · Quarterly

$309M

Q4 2022+13.1%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Yelp · $1.14B total across 2 segments · Q4 2022

  • Services Advertising
    $694M
  • Restaurants, Retail & Other Advertising
    $441M+17.0%

Forward guidance

The company expects 2023 Net revenue will be in the range of $1.29 billion to $1.31 billion as it continues executing on its strategic initiatives. The company also expects Adjusted EBITDA will be in the range of $290 million to $310 million.

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 Q4 2022

Historical avgQ4 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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