Yelp Reports 65 Percent Revenue Growth But Bigger Than Expected Loss

yelp iconYelp 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.

Yelp revenues

Below are some additional data and highlights released by the company:

  • 25 percent of local ads were shown on mobile devices
  • The Yelp mobile app was used on approximately 9.2 million  mobile devices on a monthly average basis
  • Yelp how has 36 million reviews
  • At the end of 2012 there were 86 million monthly unique users; there are now 100 million
  • Active local business accounts grew 68 percent year over year to approximately 39,800
  • 61 percent of photos on yelp were uploaded via mobile
  • Nearly half (46 percent) of total Yelp search query volume comes from mobile devices

In an infographic, Yelp released additional data, including an estimate that the company hypothetically influences roughly $10 billion in local, offline commerce.

Related Topics: Channel: Local | Yelp


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

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  • erikeric

    Where is the infographic? I don’t see a link in the source page either.

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