Yelp Reports 65 Percent Revenue Growth But Bigger Than Expected Loss

Yelp revenues Yelp earnings this afternoon were a mixed bag (as they say), with strong revenue growth but a larger-than-expected loss. Revenue was $41.2 million in Q4, a 65 percent increase vs. a year ago. The company also posted a loss of $5.3 million in the fourth quarter. Revenue for the full year was $137.6 million, which represented an increase of 65 percent vs. $83.3 million last year.  Shares are down slightly in after-hours trading after rising throughout the day. Below are some additional data and highlights released by the company: 25 percent of local ads were shown on mobile device [...]


Five Things Marketers Should Know About Apple Passbook

apple-passbook-featured Unless you've been hiding under a rock during the last couple months, you know that Apple announced the new iPhone 5 back on September 12, 2012. On this date, Apple also rolled out its latest mobile operating system, iOS 6, which came chock full of new features like enhanced Siri, new 3D maps and deeper integration with social networks Twitter and Facebook. Arguably, the most important new feature to arrive on iOS 6 was something called Passbook, which allows marketers to provide coupons, tickets, loyalty cards and more, all in one place on the iPhone or iPad. [caption id="attachment_26 [...]


Yelp: 45 Percent Of Searches Come From Our Mobile Apps

Yelp formally reported Q3 earnings this afternoon. Last week the company announced preliminary third quarter results along with the acquisition of one of its largest European rivals, Qype, for $50 million. Yelp said it earned quarterly net revenue of $36.4 million, which was 63 percent greater than the previous Q3 in 2011. Net revenue for the nine months through the end of September was $96.4 million, 65 percent better than a year go. Yelp also said it had 84 million monthly unique users and 35,500 "active" local business accounts. Below are some additional metrics shared in the press [...]


Yelp: iPhones Offer Greater Location Accuracy Than Androids

Roughly a week ago Yelp offered an interesting post on its blog. The post reveals how Yelp prevents false check-ins or "check-in fraud." But more importantly it's about how Yelp matches reported user location with business locations. It's also a comparison of positioning methods and a discussion of their relative accuracy. Yelp explains the three ways to locate a mobile device: GPS, cell tower triangulation and/or Wi-Fi positioning. Yelp then compares the accuracy of the systems and the devices that use them: iPhone vs. Android vs. iPod Touch. Both the iPhone and Android handsets are ab [...]


Yelp Launching New Home Page Design

yelp-logo Yelp has started to roll out a new home page -- one that focuses more on user activity and the social aspects of the site, rather than search and discovery of local businesses. The new design very prominently features photos, tips and other activity in the user's local area. The "Recent Activity" section offers filtering choices like "Near You," "Friends" and "Your Activity." It also lists local events that friends are attending, along with recent check-ins and other social elements. In its announcement, Yelp says that an increased amount of mobile activity played a big part in the new [...]


Yelp Rolls Out Improved iPhone App, Other Mobile Changes

yelp-featured In recognition that Yelp's traffic is increasingly mobile, the company is paying more and more attention to its mobile assets. Yelp is now rolling out an iPhone update that overhauls the business listing page. It offers a cleaner, more user-friendly experience. Below are "before" and "after" screenshots. The new profile page (second below) offers a stronger and visually simpler look, with key features and content made more readily accessible. By comparison the old profile page design looks like something of a mess. Another very nice feature, you can pull down the page to access p [...]


Yelp Opens First International Sales Office In London

yelp icon Yelp's international growth took another step today with the opening of its first ad sales office outside the U.S. Prince Andrew, The Duke of York, was on hand for the announcement, which the company says will involve more than 100 new advertising and marketing jobs. As part of the launch, Yelp's Jed Nachman, the Senior VP of Revenue, has relocated from Yelp's San Francisco headquarters to the new London office. He's been with the company since 2007. Although this is Yelp's first international sales office, the company has staff in 17 countries overall. Yelp just began selling and [...]


DudaMobile: Restaurant Category Dominates Among SMBs With Mobile Sites

DudaMobile is one the leaders in building mobile websites for small businesses (SMBs). The company offers both DIY and DIFM programs and has a partnership with Google to help accelerate small business adoption of mobile sites. Because the company builds mobile websites and is probably the single largest host of mobile sites for SMBs it has considerable insight into the state of SMB mobile adoption. Yesterday the company released some new data showing that certain categories of SMBs were starting to adopt mobile sites. More on those data in a minute; first some context. Most Enterprises S [...]


Yelp Reports $27 Million In Quarterly Revenue But Higher Loss

yelp-featured Yelp is growing and that's reflected in their numbers for Q1, 2012. The company said that it made $27.4 million in revenue for the quarter, which represented 66 percent growth vs a year ago. However its net loss was more than 3X the loss a year ago ($9.8 million vs. $2.8 million) based on international expansion and investments in sales headcount. Yelp is now in 80 markets (cities) globally, having launched 11 new markets in Q1. In addition, there now 27.6 million reviews on Yelp. Monthly unique users grew to 71.4 million across all Yelp's sites and "active local business accounts" grew [...]


Yahoo Rolls Out Small Business Marketing Dashboard

yahoo-logo Though Yahoo has handed over its search and PPC advertising business to Microsoft, the company still provides services to small businesses such as web hosting. ecommerce through Yahoo stores, and domain registration. As part of its suite of tools, the company today rolled out a small business marketing dashboard -- meant as a one-stop shop where small businesses can monitor (and tweak) their online presence. The offering has free components and opportunities to upgrade by paying for services. It includes Local Visibility -- which looks at local listings sites like YP.com, Yelp, Google and C [...]


Yelp Offers More Detailed Engagement Metrics To Business Owners

yelp icon Based on input from business owners, Yelp has expanded and improved the metrics it offers to those who've claimed their accounts on Yelp. Account owners can now see organic traffic over 30 day, one year and two year periods. They also can see how many times they showed up in search results. Mobile traffic is also broken out. The screen below is an actual account page, rather than a mockup. It shows 13 percent of views coming from mobile. Yelp also offers an array of metrics around "customer actions" (engagement). These include mobile check-ins, calls, directions to the business, p [...]


Yelp Users Can Now Edit Business Details On The Go

Yelp's new iPhone app update makes it easier for users to edit and add business listings. According to Yelp's blog post, the company's latest iPhone app update gives users the option to: edit business information like Name, Category, Hours, Address and Map information (and even answer the question, "Permanently closed?") add new businesses to Yelp share business photos to Facebook and Twitter Here's an official photo showing some of the new options: The new options mirror what users have already been able to do on Yelp's website. If a user submits changes to a business l [...]


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