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 release:
- Yelp is in 96 markets globally
- There are 33 million reviews throughout Yelp
- Yelp’s apps are installed on 8 million smartphones
- 45 percent of searches on Yelp come from its apps
Yelp said that it expected full-year 2012 revenue to “be in the range of $136.4 million – $136.9 million, representing growth of approximately 64% compared to the full year of 2011.”
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