Yelp Posts fifty five p.c income boom ($118.5M) but Disappoints traders

Yelp introduced Q1 income this afternoon of $118.5 million, which was fifty five % boom over Q1 2014. on the other hand the market had expected revenues $119.8 million.

There was a net loss of $(1.3) million, or $(zero.02) per share, which was once better than the earlier yr’s loss of $(2.6) million, or $(0.04) per share. then again the market had anticipated a $(0.01) per share loss as an alternative.

Like Twitter (April 30, 2015), Yelp also reduced its outlook reasonably, disappointing buyers. The stock is now down roughly 15 p.c in after-hours buying and selling. 

listed below are one of the vital tips from the earnings unlock:

• critiques stand at seventy seven million (with 6 million generated in Q1)
• reasonable cellular monthly uniques: 79 million (+ 29 p.c)
• pc uniques eighty million (- three %)
• complete monthly customers: 142 million
• native advertiser money owed: 90, 200
• restaurants coated with the aid of SeatMe and Yelp Reservations: 12,000

Revenues:

• local advertising revenue: $98.6 million (+ 51 %)
• brand ad revenue: $6.6 million (- eleven p.c)
• different revenue: $13.3 million
• Eat24 contributed $5 million in Q1 earnings

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

about the writer

Greg Sterling

Greg Sterling is a Contributing Editor at Search Engine Land. He writes a private blog, Screenwerk, about connecting the dots between digital media and real-world shopper conduct. he’s additionally VP of technique and Insights for the local Search association. follow him on Twitter or find him at Google+.

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