{"id":960050,"date":"2026-05-07T17:30:35","date_gmt":"2026-05-07T21:30:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/yelp-reports-first-quarter-2026-results-advances-ai-transformation\/"},"modified":"2026-05-07T17:30:35","modified_gmt":"2026-05-07T21:30:35","slug":"yelp-reports-first-quarter-2026-results-advances-ai-transformation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/yelp-reports-first-quarter-2026-results-advances-ai-transformation\/","title":{"rendered":"Yelp Reports First Quarter 2026 Results, Advances AI Transformation"},"content":{"rendered":"

<\/p>\n

Yelp Reports First Quarter 2026 Results, Advances AI Transformation<\/b><\/p>\n

Net Revenue increased by 1% year over year to $361 million<\/i><\/p>\n

Net Income decreased from the prior year to $18 million, reflecting a 5% margin<\/i><\/p>\n

Adjusted EBITDA<\/i>1<\/sup>decreased 7% year over year to $79 million, reflecting a 22% margin<\/i><\/p>\n

Reaffirms full-year 2026 outlook: Expects Net Revenue in the range of $1.455 billion to $1.475 billion and Adjusted EBITDA in the range of $310 million to $330 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 first quarter ended March 31, 2026 in the Shareholder Letter available on its Investor Relations website at yelp-ir.com<\/a>.<\/p>\n

\n\u201cWe continued to accelerate Yelp’s AI transformation in the first quarter,\u201d said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. \u201cEven as local businesses continued to navigate a challenging operating environment, we made meaningful progress against our strategic priorities to reconceive Yelp around answers and actions, deliver new AI tools for businesses, and extend the reach of our trusted content through data licensing. We recently rolled out more than 35 new product updates and features, including a new Yelp Assistant that now works across all categories. Product momentum, strong traction from Hatch and Yelp Host, and a growing partner ecosystem give me confidence in Yelp’s AI transformation and our ability to drive long-term profitable growth.\u201d<\/p>\n

\n\u201cFirst quarter net revenue of $361 million and an adjusted EBITDA margin of 22% both exceeded the high end of our outlook,\u201d said David Schwarzbach, Yelp’s chief financial officer. \u201cWhile local economies remained pressured, other revenue grew 75% year over year to a record $29 million. Looking ahead, we see a significant opportunity to drive growth in other revenue by scaling Yelp Host, Hatch, and data licensing. We are targeting an annual run rate of $250 million in other revenue by the end of 2028.\u201d<\/p>\n

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

\nYelp will host a live webcast today at 2 p.m. Pacific Time to discuss the first quarter financial results and outlook for the second quarter and full year 2026. The webcast of the Q&A 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\n\n\n\n
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1<\/sup> See \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> Yelp 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, 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.<\/p>\n<\/td>\n<\/tr>\n<\/table>\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 second quarter and full year 2026, its expectations regarding its AI transformation, changes to its product offerings, and its ability to scale revenue streams and 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