Yelp’s Q2 Revenues Grew 69% To $55 Million
Yesterday, Yelp released their second quarter earnings. Yelp beat Wall Street expectations with losses of 1% per share on revenues of $55 million, compared to the estimates of a loss of four cents per share on $53.3 million in revenues, according to AllThingsD.
Yelp’s adjusted EBITDA hit around $7.8 million, which is up from $1.6 million in Q2 of last year. Yelp raised their guidance for the full year with projections at between $222 million and $224 million, which is a 62% increase over last year.
Earlier this month, Yelp announced that they acquired an online reservation company called SeatMe. The company also announced that they will be making food delivery and pickup available through their website.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry