Yelp, Still in the Red, Reports Solid Sales Numbers From 2012
Yelp reported a loss of $19 million in 2012, but its sales revenue grew 65 percent.
Yelp reported a loss of $19 million in 2012, but its sales revenue grew 65 percent.
Yelp’s sales revenue grew 65 percent in 2012. It reported $41 million in revenue in the fourth quarter, which reflected the same 65 percent growth when compared to the fourth quarter of 2011.
Yelp lost $5.3 million in the quarter, reflecting heavier spending on sales and marketing. But its fourth quarter loss in 2011 was significantly larger.
The company managed to boost its local business accounts to 40,000, a 70 percent increase in a year-over-year comparison.
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