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Yelp: 59 Percent Of Searches Now Mobile

yelp iconEarlier this afternoon, Yelp announced its second quarter earnings. Net quarterly revenue was $55 million, which represents 69 percent growth over last year. The company also announced a smaller loss than a year ago: $878,000 vs. $2.0 million.

Yelp said that it now had 42.5 million reviews across its properties. The following are some of the additional metrics released by the company today with its Q2 earnings:

  • Total average monthly uniques: 108 million (38 percent growth)
  • Active location business accounts: 51,400 (62 percent growth)
  • Revenue for the first half: $101.2 million (68 percent higher than 2012)
  • 40 percent of local ads are now shown via mobile
  • 59 percent of search queries are mobile

Yelp also said it was making good progress in the integration of one-time competitor Qype, acquired in the third quarter last year. It has integrated Qype’s content so far in three markets: Ireland, Italy and Spain, with France coming next.

Yelp’s guidance for Q3 was $58 million to $59 million. Full year 2013 revenue is expected to be $222 million to $224 million.

Related Topics: Channel: Industry | Top News | Yelp


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

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