Earlier this afternoon, Yelp
announced its second quarter earnings. Net quarterly revenue was $55 million, which represents 69 percent growth over last year. The company also announced a smaller loss than a year ago: $878,000 vs. $2.0 million.
Yelp said that it now had 42.5 million reviews across its properties. The following are some of the additional metrics released by the company today with its Q2 earnings:
Total average monthly uniques: 108 million (38 percent growth)
Active business accounts: 51,400 (62 percent growth)
Revenue for the first half: $101.2 million (68 percent higher than 2012)
40 percent of local ads are now shown via mobile
59 percent of search queries are mobile
Yelp also said it was making good progress in the integration of one-time competitor Qype, acquired in the third quarter last year. It has integrated Qype’s content so far in three markets: Ireland, Italy and Spain, with France coming next.
Yelp’s guidance for Q3 was $58 million to $59 million. Full year 2013 revenue is expected to be $222 million to $224 million.
Comments