YELP INC
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Results of Operations
The following table sets forth our results of operations for the periods presented (in thousands, except percentages). The period-to-period comparison of financial results is not necessarily indicative of the results of operations to be anticipated for the full year 2026 or any future period.
| Three Months EndedSeptember 30, · % Change(1) · Nine Months EndedSeptember 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · $ Change · 2026 · 2025 · $ Change · % Change(1) | ||||||||
| Condensed Consolidated Statements of Operations Data: | ||||||||
| Net revenue by product: | ||||||||
| Services | $238,241 | $243,805 | $(5,564) | (2)% | $712,990 | $716,183 | $(3,193) | —% |
| Restaurants, Retail & Other | 98,757 | 113,547 | (14,790) | (13)% | 298,991 | 336,867 | (37,876) | (11)% |
| Total advertising | 336,998 | 357,352 | (20,354) | (6)% | 1,011,981 | 1,053,050 | (41,069) | (4)% |
| Other | 33,921 | 18,686 | 15,235 | 82% | 95,914 | 51,916 | 43,998 | 85% |
| Total net revenue | 370,919 | 376,038 | (5,119) | (1)% | 1,107,895 | 1,104,966 | 2,929 | —% |
| Costs and expenses: | ||||||||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 42,158 | 36,288 | 5,870 | 16% | 122,343 | 106,563 | 15,780 | 15% |
| Sales and marketing | 151,500 | 150,740 | 760 | 1% | 458,072 | 441,636 | 16,436 | 4% |
| Product development | 64,655 | 78,137 | (13,482) | (17)% | 212,280 | 240,404 | (28,124) | (12)% |
| General and administrative | 46,344 | 45,462 | 882 | 2% | 143,559 | 143,487 | 72 | —% |
| Depreciation and amortization | 17,369 | 12,526 | 4,843 | 39% | 51,720 | 37,241 | 14,479 | 39% |
| Total costs and expenses | 322,026 | 323,153 | (1,127) | —% | 987,974 | 969,331 | 18,643 | 2% |
| Income from operations | 48,893 | 52,885 | (3,992) | (8)% | 119,921 | 135,635 | (15,714) | (12)% |
| Other income, net | 1,351 | 5,350 | (3,999) | (75)% | 4,670 | 16,816 | (12,146) | (72)% |
| Income before income taxes | 50,244 | 58,235 | (7,991) | (14)% | 124,591 | 152,451 | (27,860) | (18)% |
| Provision for income taxes | 15,692 | 18,911 | (3,219) | (17)% | 40,652 | 44,647 | (3,995) | (9)% |
| Net income attributable to common stockholders | $34,552 | $39,324 | $(4,772) | (12)% | $83,939 | $107,804 | $(23,865) | (22)% |
(1)Percentage changes may not recalculate using the rounded numbers presented in this table.
Three and Nine Months Ended September 30, 2026 and 2025
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