Yelp reports Q2 EPS 67c, consensus 51c

Reports Q2 revenue $370.4M, consensus $365.9M. “Our second quarter results reflect solid execution against our product-led strategy,” said Jeremy Stoppelman, Yelp‘s (YELP) co-founder and chief executive officer. “We continued to see encouraging momentum from our AI initiatives, including the growing adoption of Yelp Assistant, and we began live testing of Yelp Host, one of our AI-powered call answering services. We remain confident that our focus on Services and product innovation position us well to deliver long term shareholder value.”