Yelp (YELP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.26

Last Year’s EPS

0.36

Same Quarter Last Year

Analyst Consensus

Hold

Based on 7 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 12, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call balanced strong full-year financial results, record revenue per location, robust cash flow, accelerating non-ad revenue and clear momentum in AI-driven product innovation (Yelp Assistant, Yelp Host, Hatch acquisition, OpenAI partnership) against meaningful category-level weakness and near-term headwinds. RR&O categories and Q4 operating results showed clear pressure, ad engagement declined (clicks -7%) and Yelp expects to invest heavily in AI and paid acquisition in 2026, which reduces near-term EBITDA guidance. Overall, the company demonstrated durable profitability and strategic positioning for future AI-driven growth, while acknowledging short-term softness in legacy ad categories and anticipated margin pressure from investments.

Company Guidance

Yelp guided Q1 2026 net revenue of $350–$355 million and full-year 2026 net revenue of $1.455–$1.475 billion, with Q1 adjusted EBITDA of $58–$63 million and full-year adjusted EBITDA of $310–$330 million; management said expenses will increase seasonally Q4→Q1 (payroll taxes/benefits) and will rise over the year driven by investments in its AI transformation, paid traffic acquisition and Hatch operations. They expect many 2025 trends to persist—continued pressure on advertising revenue and RR&O—while other revenue and services should drive performance; headcount is expected to be roughly flat year‑over‑year in 2026 excluding the recently integrated Hatch team. Capital allocation and efficiency targets include an additional $500 million share repurchase authorization (with $38.8 million remaining under the prior program), $292 million repurchased in 2025 at an average price of $33.29 (including $88.5 million in Q4), a goal to reduce stock‑based compensation to <6% of revenue by end of 2027 (below 8% in Dec‑2025), and continued focus on margin expansion after 2025 results of $1.46 billion revenue, $146 million net income (10% margin), $369 million adjusted EBITDA (25% margin), $372 million cash from operations and $324 million free cash flow.

Full-Year Revenue Growth and Record Net Revenue

Net revenue for 2025 increased 4% year-over-year to $1.46 billion, representing a record annual net revenue figure for Yelp.

Improved Profitability and EPS Expansion

Net income grew 10% year-over-year to $146 million (10% net income margin), and diluted earnings per share rose 19% year-over-year to $2.24 (more than a fourfold increase vs. 2021).

Strong Adjusted EBITDA and Margin

Adjusted EBITDA increased 3% year-over-year to $369 million, representing a 25% adjusted EBITDA margin for 2025.

Services and Advertising Strength

Advertising revenue from services categories rose 8% year-over-year to a record $948 million; average revenue per location reached an annual record, and services drove much of the year's top-line performance.

Other Revenue Acceleration (Licensing, Transaction, Subscription)

Other revenue grew 17% year-over-year for 2025, driven by transaction, subscription and data licensing revenue, with fourth-quarter acceleration reported at roughly +30% (quarterly figure cited as ~30–33%).

AI and Product Innovation Momentum

Introduced 55+ new products and features in 2025 (many AI-powered); Request‑A‑Quote projects increased ~15% year-over-year (excluding paid search acquisitions), and Request‑A‑Quote submissions via Yelp Assistant grew >400% year-over-year, comprising ~5% of all RAQ projects.

SaaS / Services Product Traction (Yelp Host & Hatch)

Launched Yelp Host (AI-powered call answering) which has answered >190,000 calls and handled thousands of reservations; closed acquisition of Hatch (an AI lead-management platform) to accelerate SaaS offerings—Hatch reported ~70% year-over-year growth prior to acquisition.

Cash Generation and Capital Returns

Strong operating cash flow of $372 million and record free cash flow of $324 million in 2025; repurchased $292 million of shares in 2025 (including $88.5 million in Q4) and reduced fully diluted share count by 22% (86M to 67M) between 12/31/2021 and 12/31/2025; Board authorized an additional $500 million repurchase program in Feb 2026.

Data Licensing Partnerships

Signed a data licensing agreement with OpenAI and reported increasing demand for data licensing—positioning Yelp as a supplier of first-party local content (330M reviews, ~500M photos, >8M business listings).

Content and Engagement Base

Yelp users contributed 22 million new reviews in 2025, bringing cumulative reviews to 330 million; continued scale of first-party content supports long-term product and licensing opportunities.

Yelp (YELP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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YELP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	0.26 / -	0.36	―	―	―
Feb 12, 2026	2025 (Q4)	0.54 / 0.61	0.62	-1.61% (-0.01)
Nov 06, 2025	2025 (Q3)	0.53 / 0.61	0.56	8.93% (+0.05)	―
Aug 07, 2025	2025 (Q2)	0.51 / 0.67	0.54	24.07% (+0.13)	―
May 08, 2025	2025 (Q1)	0.32 / 0.36	0.2	80.00% (+0.16)	―
Feb 13, 2025	2024 (Q4)	0.53 / 0.62	0.37	67.57% (+0.25)
Nov 07, 2024	2024 (Q3)	0.42 / 0.56	0.79	-29.11% (-0.23)	―
Aug 08, 2024	2024 (Q2)	0.27 / 0.54	0.21	157.14% (+0.33)	―
May 09, 2024	2024 (Q1)	0.06 / 0.20	-0.02	1100.00% (+0.22)	―
Feb 15, 2024	2023 (Q4)	0.38 / 0.37	0.28	32.14% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

YELP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$22.83	$20.98	-8.10%
Nov 06, 2025	$32.13	$28.91	-10.02%
Aug 07, 2025	$34.18	$31.03	-9.22%
May 08, 2025	$35.74	$38.98	+9.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.