page contents

«

»

Print this Post

Yelp reduces loss in first quarter; revenue up

Investors seem to be giving first quarter earnings for Yelp positive reviews.

Shares of the online review company are up 6% after reporting quarterly revenue of $46.1 million, a 68% surge from a year ago.

The site’s average monthly unique visitors also soared 43% from last year to 102 million. Yelp also reports a 42% bump in site reviews.

Yelp reports a net loss of $4.8 million, which missed analyst estimates but still topped the $9.8 million loss from a year before.

“We had a great start to the year and are excited about the large opportunity in front of us,” said Jeremy Stoppelman, Yelp’s chief executive officer, in a statement.

The company also announced it is expanding to New Zealand. The service is now available in 21 countries.

(184)

About the author

Mystic Maggie

All of the Mystic Maggie Posts are RSS Reader Feeds from around the web. All copyright remains with the original publisher. No copyright is claimed or intended. Where supplied, links back to the original article are included.

Permanent link to this article: http://yelp-sucks.com/yelp-reduces-loss-in-first-quarter-revenue-up.html


Powered by WordPress Lab
Powered by Yahoo! Answers