{"id":1018028,"date":"2026-11-05T22:58:01","date_gmt":"2026-11-06T03:58:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/yelp-reports-third-quarter-2026-results\/"},"modified":"2026-11-05T22:58:01","modified_gmt":"2026-11-06T03:58:01","slug":"yelp-reports-third-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/yelp-reports-third-quarter-2026-results\/","title":{"rendered":"Yelp Reports Third Quarter 2026 Results"},"content":{"rendered":"

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Yelp Reports Third Quarter 2026 Results<\/b><\/p>\n

Net Revenue decreased by 1% year over year to $371 million<\/i><\/p>\n

Net Income decreased from the prior year to $35 million, reflecting a 9% margin<\/i><\/p>\n

Adjusted EBITDA<\/i>1<\/sup>decreased 6% year over year to $92 million, reflecting a 25% margin<\/i><\/p>\n

Updates outlook ranges of 2026 Net Revenue to $1.455 billion to $1.460 billion and 2026 Adjusted<\/i><\/p>\n

EBITDA to $320 million to $325 million<\/i>2<\/sup><\/p>\n

SAN FRANCISCO–(BUSINESS WIRE<\/a>)–
\nYelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today posted its financial results for the third quarter ended September 30, 2026 in the Shareholder Letter available on its Investor Relations website at yelp-ir.com<\/a>.<\/p>\n

\n\u201cYelp continued to advance its AI transformation in the third quarter, and recently introduced more than 30 new features and updates, including a smarter and more personalized Yelp Assistant,\u201d said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. \u201cOur AI tools for businesses are gaining traction, supported by substantial advances in voice AI that enable more natural conversations in both Yelp Host and Hatch. Continued demand for our trusted local content across the AI ecosystem drove growth in revenue from data licensing. While we expect consumers and local businesses to continue facing a challenging economic environment, I’m confident our strategic initiatives will position Yelp to deliver long-term shareholder value.\u201d<\/p>\n

\n\u201cIn the third quarter, Yelp delivered net revenue of $371 million, $1 million above the high end of our outlook range,\u201d said David Schwarzbach, Yelp’s chief financial officer. \u201cWhile advertising revenue remains pressured, other revenue grew 82% year over year to a record annual run rate3<\/sup> of $136 million, gaining traction toward our target of $250 million. Looking ahead, we believe our disciplined approach and strategic focus on high-return areas will create long-term value.\u201d<\/p>\n\n\n\n\n\n
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1<\/sup>\u00a0<\/p>\n<\/td>\n

\u00a0See \u201cNon-GAAP Financial Measures\u201d for the definitions of Adjusted EBITDA and Adjusted EBITDA margin, as well as reconciliations of Adjusted EBITDA to Net income (loss) and Adjusted EBITDA margin to Net income (loss) margin, in each case the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles in the United States (\u201cGAAP\u201d).<\/td>\n<\/tr>\n
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2<\/sup>\u00a0<\/p>\n<\/td>\n

\u00a0Yelp has not reconciled its Adjusted EBITDA outlook to GAAP Net income (loss) because it does not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other income (expense), net and Provision for (benefit from) income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). Because Yelp cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). For more information regarding the non-GAAP financial measures discussed in this release, please see \u201cNon-GAAP Financial Measures\u201d below.<\/td>\n<\/tr>\n
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3<\/sup><\/p>\n<\/td>\n

\u00a0Other revenue annual run rate is calculated by multiplying the results for a given quarter, excluding out-of-period adjustments, by four.<\/td>\n<\/tr>\n<\/table>\n

Quarterly Conference Call<\/span><\/p>\n

\nYelp will host a live webcast today at 2 p.m. Pacific Time to discuss the third quarter financial results and outlook for the fourth quarter and full year 2026. The webcast can be accessed on the Yelp Investor Relations website at yelp-ir.com<\/a>. A replay of the webcast will be available at the same website.<\/p>\n

About Yelp<\/span><\/p>\n

\nYelp Inc. (yelp.com<\/a>) is a community-driven platform that connects people with great local businesses. Millions rely on Yelp to inform their spending decisions and get things done. By combining authentic human content with AI technologies, including Yelp Assistant, Yelp helps people move seamlessly from discovery to taking action, whether it\u2019s requesting quotes from service pros, making reservations, ordering food, scheduling appointments, or connecting with the right businesses for their needs. Yelp was founded in San Francisco in 2004.<\/p>\n

\nYelp intends to make future announcements of material financial and other information through its Investor Relations website. Yelp will also, from time to time, disclose this information through press releases, filings with the Securities and Exchange Commission, conference calls, or webcasts, as required by applicable law.<\/p>\n

Forward-Looking Statements<\/span><\/p>\n

\nThis press release contains forward-looking statements relating to, among other things, Yelp\u2019s future performance, including its expected financial results for the full year 2026 and its expectations regarding other revenue growth, its expectations regarding its AI transformation as well as its investments in and benefits from strategic initiatives, changes to its product offerings and its ability to gain and sustain market acceptance and adoption of those offerings, the implications of trends in its key metrics and its ability to drive long-term profitable growth, that are based on its current expectations, forecasts and assumptions that involve risks and uncertainties.<\/p>\n

\nYelp\u2019s actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute to such differences include, but are not limited to:<\/p>\n