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.

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