Yelp boss Jeremy Stoppelman.

Yelp boss Jeremy Stoppelman.








Steven E.F. Brown
Web Editor- San Francisco Business Times

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Online restaurant review business Yelp Inc. lost $5.6 million in the fourth quarter, down from a loss of $9.1 million a year earlier in the same period.

But the San Francisco company (NYSE: YELP) lost more for the full year ended December — $19.1 million — than in the previous year, when it lost $16.9 million.

Fourth quarter revenue grew to $41.2 million, up from $24.9 million a year earlier.

Full year revenue grew to $137.6 million in 2012, up from $83.3 million in 2011.

Jeremy Stoppelman, Yelp’s CEO, said: “2012 was a tremendous year for Yelp.” This year, he hopes, will be a “tipping point” for the company in Europe.

The company’s accumulated deficit — that’s how much money it has lost since it started — grew to $60.4 million at the end of 2012.

Steven E.F. Brown is web editor at the San Francisco Business Times.


 
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