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.

On June 5, 2026, stockholders approved the amendment and restatement of the 2012 Employee Stock Purchase Plan, increasing the maximum number of available shares by 2,100,000. Additionally, Chief Product Officer Craig Saldanha will step down effective July 3, 2026, and will be succeeded by Akhil Kuduvalli Ramesh, currently Senior Vice President of Product. The company also reported results from its 2026 Annual Meeting, where all nine director nominees were elected, Deloitte & Touche LLP was ratified as the independent auditor, and executive compensation was approved on an advisory basis. Yelp operates a local business review platform that connects users with local services and businesses.