Earnings ·
Yelp Inc. reported financial results for the second quarter ended June 30, 2026, announcing net revenue of $376…
YELPYelp Inc
Yelp Inc. reported financial results for the second quarter ended June 30, 2026, announcing net revenue of $376 million, a 1% year-over-year increase driven by a 98% surge in other revenue to $33 million, which offset a 3% decline in advertising revenue. Net income decreased 28% to $32 million ($0.57 diluted EPS), while Adjusted EBITDA fell 9% to $91 million (24% margin). The company narrowed its full-year 2026 net revenue guidance to $1.460 billion–$1.470 billion and adjusted EBITDA guidance to $315 million–$325 million, citing continued investment in AI transformation initiatives including Yelp Assistant, Yelp Host, and the Hatch acquisition integration. Yelp also reported repurchasing 2.0 million shares for $50 million during the quarter.