Yelp Earnings Top Estimates on Strong Ad Demand From Home Services Sector

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The company’s 2023 outlook, however, implies a mixed fourth-quarter forecast.

Yelp posted better-than-expected financial results and lifted its full-year guidance Thursday, driven by strong demand for advertising from service pros.

“We believe we are taking market share with that growth rate,” he says. “We’re delivering value for service pros.” The CFO also noted that overall advertising clicks were up 9% in the quarter, while cost per click was up 4%.

 

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