Financial PerformanceAdjusted EBITDA was well above consensus, due in part to expense discipline, lower average headcount, and a shift towards capitalizing R&D.
Stock StabilitySubstantial repurchase program can limit stock downside.
Strategic AcquisitionYelp announced an $80 million cash acquisition of RepairPal, which is expected to complement Yelp's current request-a-quote offerings and the broader services segment.