Quarterly ResultMay 7, 2026, 04:15 PM
Yelp Q1 Net Revenue $361M (+1%); Net Income $18M (-27%); Reaffirms FY26 Outlook
AI Summary
Yelp Inc. reported Q1 2026 financial results, with net revenue increasing 1% year-over-year to $361 million, surpassing the high end of its outlook. However, net income decreased 27% to $18 million, and Adjusted EBITDA fell 7% to $79 million. The company reaffirmed its full-year 2026 net revenue and Adjusted EBITDA outlook, emphasizing its accelerated AI transformation and strong growth in other revenue streams like Hatch and data licensing. Yelp also repurchased $125 million in shares during the quarter.
Key Highlights
- Net revenue increased 1% year-over-year to $361 million, exceeding the high end of outlook.
- Net income decreased 27% year-over-year to $18 million, reflecting a 5% margin.
- Adjusted EBITDA decreased 7% year-over-year to $79 million, reflecting a 22% margin.
- Other revenue grew 75% year-over-year to a record $29 million.
- Reaffirmed full-year 2026 net revenue outlook of $1.455 billion to $1.475 billion.
- Reaffirmed full-year 2026 Adjusted EBITDA outlook of $310 million to $330 million.
- Repurchased approximately 5.1 million shares for $125 million in Q1 2026.
- Targeting an annual run rate of $250 million in other revenue by the end of 2028.