Yelp Inc. (YELP)

In the past six months, Yelp reported its Q1 2026 earnings on May 7, 2026, with an EPS of $0.30 and revenue of $361.46 million. Following its previous earnings announcement on February 12, 2026, YELP shares declined by 1.6% the next day, but had drifted 35.8% higher as of May 7, 2026. In Q1 2026, net income decreased by 27% year-over-year to $18 million. Yelp completed the $271.2 million cash acquisition of Hatch and repurchased $125.0 million of its stock. Management anticipates a modest year-over-year decline in revenue and adjusted EBITDA for Q2 2026. As of May 1, 2026, the share price was $28.90, representing a 17.50% decline from $35.03 on May 5, 2025.

Demand for Yelp's products and services can exhibit seasonality, often mirroring the activity of local businesses. Yelp offers "Seasonal Spotlight Ads" to help multi-location companies promote seasonal deals and promotions. The Q1 2026 earnings report noted "lower consumer demand in RR&O categories" during the quarter. Certain business categories on Yelp may experience stronger or weaker demand depending on the time of year or external factors.

Yelp, Inc. operates an online platform connecting consumers with local businesses through crowdsourced reviews. Its core business revolves around its website and mobile app, which publish user-generated reviews and ratings for a wide array of local businesses. The company's sector is broadly categorized as Internet Services or Technology Services. Yelp's major products and services include online advertising, business page products, Yelp Guest Manager, RepairPal Network, Yelp Assistant, Review Insights, Request-A-Quote, Yelp Host, data licensing and food ordering services, and Hatch.

Yelp's main headquarters is located in San Francisco, California. It maintains physical offices in Chicago, Phoenix, Washington D.C., and New York in the United States. Internationally, Yelp has offices in Hamburg, Germany; Dublin, Ireland; and London, United Kingdom. The company also maintains operations in Toronto, Canada. As of February 2024, Yelp's website listed reviews for establishments in 32 countries. The company has been reducing its office space in recent years, embracing a fully remote work model.

In the past year, Yelp has focused on enhancing its platform and maintaining trust. In 2024, Yelp introduced over 80 new features and updates, including AI-powered tools and expanded accessibility features. The company also improved its ability to detect and remove misleading or inappropriate content. The acquisition of RepairPal in November 2024 aims to improve the experience for auto services.

Yelp, Inc. has a diverse ownership structure, with a significant portion held by institutional investors. Institutional shareholders hold a substantial majority of Yelp's stock. Jeremy Stoppelman, co-founder and CEO, is the largest individual shareholder, owning 7.58 million shares, which represents 13.79% of the company. Company insiders hold a notable stake.