Yelp Posts 55 Percent Revenue Growth ($118.5M) But Disappoints Investors

Yelp announced Q1 earnings this afternoon of $118.5 million, which was 55 percent growth over Q1 2014. However the market had expected revenues $119.8 million. There was a net loss of $(1.3) million, or $(0.02) per share, which was better than the previous year’s loss of $(2.6) million, or $(0.04) per share. However the market […]

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Yelp announced Q1 earnings this afternoon of $118.5 million, which was 55 percent growth over Q1 2014. However the market had expected revenues $119.8 million.

There was a net loss of $(1.3) million, or $(0.02) per share, which was better than the previous year’s loss of $(2.6) million, or $(0.04) per share. However the market had expected a $(0.01) per share loss instead.

Like Twitter yesterday, Yelp also reduced its outlook slightly, disappointing investors. The stock is now down roughly 15 percent in after-hours trading. 

Yelp Q1 2015 revenues

Here are some of the facts from the earnings release:

  • Reviews stand at 77 million (with 6 million generated in Q1)
  • Average mobile monthly uniques: 79 million (+ 29 percent)
  • PC uniques 80 million (- 3 percent)
  • Total monthly users: 142 million
  • Local advertiser accounts: 90, 200
  • Restaurants covered by SeatMe and Yelp Reservations: 12,000

Revenues:

  • Local advertising revenue: $98.6 million (+ 51 percent)
  • Brand ad revenue: $6.6 million (- 11 percent)
  • Other revenue: $13.3 million
  • Eat24 contributed $5 million in Q1 revenue

Yelp projects full year revenues of $574 million to $579 million.

Yelp Q1 2015


Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.


About the author

Greg Sterling
Contributor
Greg Sterling is a Contributing Editor to Search Engine Land, a member of the programming team for SMX events and the VP, Market Insights at Uberall.

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