Yelp Reports Red Ink, But Meets Wall Street Expectations
Yelp, the recommendations provider that went public in March, announced a net loss of $2 million in the quarter ended September 30, shrinking its losses by nearly half in a year-over-year comparison.
Yelp, the recommendations provider that went public in March, announced a net loss of $2 million in the quarter ended September 30, shrinking its losses by nearly half in a year-over-year comparison.
The company brought in $36.4 million in total revenue, up 63 percent over the same quarter of last year, according to a filing with the Securities and Exchange Commission.
Its revenue numbers were ahead of what financial analysts expected, but revenue from sales was just off analyst expectations.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in