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Yelp’s CEO Jeremy Stoppelman expressed his satisfaction with the results, highlighting the company’s impressive streak of nine consecutive quarters of double-digit growth.
“Net revenue reached a new high driven by record advertising revenue across categories. Self-serve and multi-location accounted for more than half of our advertising revenue for the first time, reaching a milestone that reflects our long-term strategy to drive growth through our most efficient advertising channels,” said Stoppelman.
The company raised its full-year outlook and now expects net revenue in the range of $1.32-$1.33 billion and adjusted EBITDA in the range of $310-$320M.
