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Analyst
Sergio Segura
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 6).
- Questions
- 11on tracked calls
- Challenge rate
- 9%1 of 11 questions
- Companies
- 1questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 11 of 11 questions from 1 company
YELPYelp Inc.11 questions · 6 reporting periods · 1 of 11 challenging
Calendar 2026 Q2
how you believe Yelp captures most of the economic value from AI? Is it driving users back to the Yelp ecosystem, generating the leads to these platforms, or licensing the content and data
Show response
Stoppelman said Yelp captures AI economic value both by merchandising and reminding consumers to return to Yelp and by driving meaningful traffic back through links, citing its licensing history with players like Amazon, DuckDuckGo, Bing, and Apple, and excitement about the OpenAI/ChatGPT integration including a coming Request-a-Quote.
Anything notable to call out on differences in quality or conversion of these leads coming through these AI platforms versus other performance channels?
Show response
Stoppelman said it is too early to judge lead quality or conversion from AI platforms given the minimal current merchandising, but highlighted broader consumer traffic tailwinds from SEO, more app downloads, the partner network, and Google leaning into user-generated content.
Calendar 2026 Q1
why the guide was maintained here? Was Q1 from a macroeconomic perspective, a little bit better and Q2 a little bit worse?
Show response
Schwarzbach said Q1 upside was tempered by March advertiser-budget softness tied to Middle East conflict expected to persist, keeping the full-year guide unchanged.
the $250 million run rate target you gave for other revenue by the end of 2028
Show response
Schwarzbach said the $250M other-revenue target rests on transaction (DoorDash, +88%), licensing, and Hatch, all expected to contribute over the next several years.
Calendar 2025 Q3
on Yelp Assistant. I know it's early for the logged-out users, but just curious what you're seeing there
Show response
Stoppelman said the logged-out Yelp Assistant rollout is just starting so effects are early, while services projects stay up about 400% year over year.
on the EBITDA side, the cost side of the business, raising that outlook.
Show response
Schwarzbach credited the raised EBITDA outlook to flat headcount, ongoing efficiency, and more software capitalization from greenfield AI projects.
Calendar 2025 Q2
walk us through the deceleration you saw in services revenue growth this quarter
Show response
Stoppelman attributed the services deceleration to macro and policy volatility hitting consumer sentiment from April, with budgets rising below seasonal norms.
on the AI search API and data licensing detail you had in a letter
Show response
Stoppelman said API usage from AI search players rose 10x in two months and licensing revenue reached a $10 million run rate, calling Yelp an essential local-content source.
Calendar 2025 Q1
anything to call out what you're seeing within the RR&O and services category on enterprise versus SMB strength?
Show response
Schwarzbach said RR&O multi-location advertisers remain cautious while SMB and services are strong, with services locations now exceeding RR&O for the first time.
you mentioned in the business outlook seeing some steady spend in April that was below typical seasonality
Show response
Stoppelman said macro uncertainty led advertisers to hold April spend steady versus the usual seasonal increase, with early May signs more encouraging.
Calendar 2024 Q4
the full-year guide has revenue decelerating from this year's exit rates. Maybe just dive into the details there.
Show response
Schwarzbach tied the conservative full-year guide to macro uncertainty, citing recent CPI and PPI inflation prints and policy risk early in the year.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| YELP Yelp Inc. | 11 | 9%1 of 11 questions |
- YELPYelp Inc. · 11 questions9%1 of 11 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 100%1 of 1 question | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
| 2026 Q2 | 2 | 0%none of 2 questions | 1 |
- 2024 Q41 question · challenge rate 100% (1 of 1 question) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q4No questions recorded
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Cloud & AI5
- Revenue Growth4
- Macroeconomic4
- Demand3
- Guidance Reliability2
- Innovation & R&D1
- Margin1
- Cost Pressure1
- Competitive Dynamics1