Yelp Continues to Shrink Losses
Yelp reported a first-quarter net loss of $4.8 million, down from 50 percent from the first quarter of last year and 75 percent from the closing quarter of 2012.
Yelp reported a first-quarter net loss of $4.8 million, down from 50 percent from the first quarter of last year and 75 percent from the closing quarter of 2012.
Revenue continued to grow, reaching $46.1 million in the first quarter, reflecting 68 percent growth in over the first quarter of 2012. The company said it expects is yearly revenue for 2013 to show 58 percent growth over 2012.
The company continues to expand internationally, but currently just 6 percent of its revenue comes from outside the U.S.
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