Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click advertising and multi-location Ad products, as well as enables businesses to deliver targeted advertising to large and high-intent audience; and business listing page products. The company also offers other services comprising Yelp Guest Manager, a subscription-based suite of front-of-house management tools for restaurants, nightlife and certain other venues, which include online reservations, a waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as through hostless kiosks, and seating and server rotation management tools; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free access to various basic information through publicly available APIs, and paid access to content and data for consumer-facing enterprise use. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website and business app, as well as non-advertising partner arrangements. It has partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. The company was incorporated in 2004 and is based in San Francisco, California.
YELP is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. YELP has a Growth Style Score of B, forecasting year-over-year earnings growth of 22.2% for the current fiscal year.
What Is Yelp? As of March 2023, the top four institutional shareholders of Yelp shares are BlackRock Inc., Vanguard Group Inc., State Street Corp., and Dimensional Fund Advisors LP. Revenues for the first quarter of 2023 were $312 million.
Yelp logged higher revenue in the latest quarter from growth across its home-services business, which offset continued softness across the restaurant industry.
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How Yelp makes money. Yelp generates revenue through the sale of advertising space, the facilitation of transactions, and the provision of ancillary services. Yelp's current role is that of an aggregator. As a result, the company collects data on millions of places and presents it to clients in an insightful format.
From 2009 to 2012, Yelp expanded throughout Europe and Asia. In 2009, it entered unsuccessful negotiations to be acquired by Google. Yelp became a public company via an initial public offering in March 2012 and became profitable for the first time two years later.
As the internet and digital marketing landscape continues to evolve, many business owners have been left wondering if Yelp is still relevant in 2024. The short answer is yes, but let's dive into the reasons why. One of the main reasons Yelp remains relevant is its reputation as one of the more trusted review sites.
YELP's P/CF has been as high as 25.62 and as low as 10.49, with a median of 14.48, all within the past year. These figures are just a handful of the metrics value investors tend to look at, but they help show that Yelp is likely being undervalued right now.
Typically, the average P/E ratio is around 20 to 25. Anything below that would be considered a good price-to-earnings ratio, whereas anything above that would be a worse P/E ratio. But it doesn't stop there, as different industries can have different average P/E ratios.
It is not very reliable. Although not 100% accurate I find HL a better - just in case you are looking for an alternative. You do not necessarily need to have an account but can set up a watch list and monitor.
Yelp is also cash rich. The company has generated cash flow growth of 18.8%, and is expected to report cash flow expansion of 47.8% in 2024. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, YELP should be on investors' short lists.
Google accounts for most online reviews (73%), with Yelp in second place but still far behind (6%). Significantly more people check Google reviews than Yelp: 87% of consumers vs. 48% in 2022.
“Yelp delivered a solid second quarter with net revenue increasing by 6% year over year to a record $357 million even as challenges persisted in the operating environment for restaurants, retail and other businesses,” said David Schwarzbach, Yelp's chief financial officer.
Historical dividend payout and yield for Yelp (YELP) since 1971. The current TTM dividend payout for Yelp (YELP) as of September 10, 2024 is $0.00. The current dividend yield for Yelp as of September 10, 2024 is 0.00%.
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Introduction: My name is Virgilio Hermann JD, I am a fine, gifted, beautiful, encouraging, kind, talented, zealous person who loves writing and wants to share my knowledge and understanding with you.
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