Yelp Inc.’s stock climbed 2% in extended trading Thursday after the reviews website reported quarterly results that topped analysts’ revenue and earnings estimates.
Net... Yelp Inc.’s stock climbed 2% in extended trading Thursday after the reviews website reported quarterly results that topped analysts’ revenue and earnings estimates. Net revenue improved 13% to $312 million from $277 million a year ago. The company slightly raised its full-year sales outlook to between $1.295 billion and $1.315 billion. Analysts are forecasting about $1.32 billion, according to FactSet.
“We can continue to generate strong advertising demand as a combination of our high-end audience telling us what they’re looking for and meeting their demand,” Yelp Chief Financial Officer David Schwarzbach said in an interview. He said advertising sales from Yelp’s Services businesses jumped 15% year over year to a record $184 million.