Earnings ·
Reports Q3 net revenue of $371 million, down 1%, with adjusted EBITDA of $92 million
YELPYelp Inc
Yelp reported third-quarter 2026 financial results showing net revenue decreased by 1% year over year to $371 million. Net income fell 12% to $35 million, or $0.63 per diluted share, while adjusted EBITDA declined 6% to $92 million with a 25% margin. Advertising revenue dropped 6% due to softer consumer demand and lower ad clicks, partially offset by an 82% surge in other revenue driven by data licensing and the Hatch acquisition. The company updated its full-year outlook, expecting net revenue between $1.455 billion and $1.460 billion and adjusted EBITDA between $320 million and $325 million. Yelp operates a community-driven platform that connects consumers with local businesses through reviews, advertising, and AI-powered tools.