Yelp Grew Net Revenue 67% in Second Quarter, Lost $2 Million

Yelp might not be profitable yet, but the local search and review service's efforts at global expansion and enhancements to its mobile apps have helped increase net revenues to $32.7 million and have left room for growth, according to the company's analysis of its second quarter 2012 financial results.

Yelp might not be profitable yet, but the local search and review service’s efforts at global expansion and enhancements to its mobile apps have helped increase net revenues to $32.7 million and have left room for growth, according to the company’s analysis of its second quarter 2012 financial results.

The company shared the quarter’s highlights in a statement to investors:

  • Net revenue was $32.7 million in the second quarter of 2012, reflecting 67% growth in net revenue from the second quarter of 2011
  • Cumulative reviews grew 54% year over year to more than 30 million
  • Average monthly unique visitors grew 52% year over year to more than 78 million
  • Active local business accounts grew 113% year over year to approximately 32,000
  • Net loss in the second quarter of 2012 was $(2.0)
AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in