Yelp Q4 Revenue Rises 5.7%, Beats Estimates

Yelp reported strong fourth-quarter results, with revenue reaching $362 million, surpassing analyst expectations of $350 million, and a net income of $42.2 million, or 62 cents per share. The company's revenue rose 5.7% year-over-year, driven mainly by an 11% increase in advertising from service businesses, while restaurant-related advertising saw a decline. CEO Jeremy Stoppelman highlighted the success of their services roadmap and noted that they introduced over 80 new features leveraging AI to enhance user connections. Looking ahead, Yelp projects 2025 revenue between $1.47 billion and $1.49 billion, aligning with analyst forecasts. Despite a competitive landscape, the company remains optimistic about long-term growth opportunities. Shares rose 3.8% following the earnings report, reflecting positive market sentiment.