5.9 C
New York
Friday, March 29, 2024

Yelp Conference Call Highlights

Courtesy of Benzinga.

Related YELP
Shares Of Yelp Tumble As Analysts Offer Mixed Views
UPDATE: Raymond James Downgrades Yelp Amid 'Solid' Q2 Results
Yelp Turns Profitable as Small Biz Drives Growth (Fox Business)

Yelp (NYSE: YELP) released its second quarter earnings on Wednesday. Shares of the company are down 12 percent.

Below are some key highlights from its conference call:

Results:

• Revenue increased 61 percent year-over-year marking our 10th consecutive quarter of 60 percent plus growth since our IPO.
• Our mission, is to connect people with great local businesses, and to that end, the consumer experience is our top priority.
• Over 61 million reviews contributed and approximately 138 million unique visitors.
• In Q2, monthly mobile unique visitors grew over 50 percent year-over-year to 68 million.
• And nearly 40 percent of new reviews were written on mobile.
• We also delivered more than 50 percent of our ad impressions on mobile.
• And for the first time we generated net income of $2.7 million.
• Our average monthly unique visitors grew 27 percent year-over-year to roughly 138 million.
• International traffic grew over 80 percent year-over-year to approximately 31 million unique visitors on a monthly average basis.
• Brand revenue was $9.1 million, up 28 percent year-over-year, and other revenue increased 27 percent year-over-year to $4 million.
• In June, international traffic declined month-over-month due to Google's algorithmic change in late May.
• We believe that by continuing to focus on community growth and high quality content, our international traffic will increase as we've seen in the U.S. where domestic traffic did increase with the algorithmic update.
• For the second quarter, local revenue accelerated to $75.7 million, up 69 percent year-over-year.
• Gross margin was 93 percent.

Guidance:

• We expect full year 2014 revenue to be in the range of $372 million to $375 million or approximately 60 percent growth over 2013.
• For the full-year, we expect adjusted EBITDA to range between $67 million and $69 million, a 130% increase over 2013.
• We expect stock based compensation to be approximately $45 million to $47 million.
• For modeling purposes, in the third quarter, we expect our weighted average diluted share count, to be approximately 78 million shares.

Posted-In: Earnings News Guidance

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x