Yelp runs a consumer platform for local business reviews, ratings and discovery, and sells advertising and related products to local businesses that want to reach those users. Its network effect comes from user-generated content that helps people choose restaurants, services and other nearby merchants. The model centers on local intent traffic rather than general social media or pure search.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 370.4 | — | 44.1 | — |
| Q3 2025 | 376 | — | 39.3 | — |
| Q4 2025 | 360 | — | 37.8 | — |
| Q1 2026 | 361.5 | — | 17.7 | — |
| Q2 2026 | 375.5 | 1.4% | 31.6 | -28.2% |
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