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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Yelp Inc. (YELP) is 6/10.
Yelp's first quarter of 2026 showed a widening split between a pressured advertising core and fast-growing new revenue: net revenue edged up 1% year over year to $361 million ($6 million above guidance) while net income fell 27% to $18 million (a 5% margin) and adjusted EBITDA declined 7% to $79 million. RR&O advertising revenue dropped 11% to $99 million and services advertising grew just 1% to $234 million amid a challenging local-business economy and a March budget softening tied to Middle East conflict. The standout was other revenue, up 75% to a record $29 million on Hatch, data licensing, and food ordering (up 88% via DoorDash), with management targeting a $250 million other-revenue run rate by the end of 2028. GAAP operating income still rose about 11% as stock-based compensation fell to 8% of revenue, while below-the-line items drove the net income decline. Management maintained full-year guidance of $1.455 billion to $1.475 billion in net revenue and $310 million to $330 million in adjusted EBITDA, citing continued macro uncertainty despite the Q1 beat.
Scored from Yelp Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $362M | +5.7% | $0.62 | +67.6% | 14.8% | 11.7% | $60M |
| FY2025 Q1 | $359M | +7.7% | $0.36 | +80.0% | 8.2% | 6.8% | $87M |
| FY2025 Q2 | $370M | +3.7% | $0.67 | +24.1% | 14.4% | 11.9% | $45M |
| FY2025 Q3 | $376M | +4.4% | $0.60 | +7.1% | 14.1% | 10.5% | $119M |
| FY2025 Q4 | $360M | -0.5% | $0.61 | -1.6% | 13.6% | 10.5% | $72M |
| FY2026 Q1 | $361M | +0.8% | $0.30 | -16.7% | 9.0% | 4.9% | $45M |
| FY2026 Q2 | $376M | +1.4% | $0.57 | -14.9% | 11.6% | 8.4% | $106M |