YELP INC (YELP) Form 8-K — Aug 6, 2026

$YELPForm 8-KItems 2.02, 9.01Filed Aug 6, 2026, 4:06 PM ET0001345016-26-000059Original filing

Yelp reported second quarter 2026 results on August 6, 2026, with net revenue of $376 million, up 1% year over year and $8 million above the high end of its outlook range. Net income fell 28% year over year to $32 million, or $0.57 per diluted share, with net income margin compressing to 8% from 12%. Adjusted EBITDA came in at $91 million, down 9% year over year but $16 million above the high end of guidance, for a 24% margin. Other revenue nearly doubled, up 98% to a record $33 million, driven by the Hatch acquisition, data licensing including the OpenAI partnership, and food ordering, partially offsetting a 3% decline in advertising revenue.

Key figures

Eps: $0.57 diluted (vs $0.67 in Q2 2025)
Revenue: $376 million (Q2 2026, $375.5 million precise)
Guidance: Q3 2026: net revenue $365M-$370M, Adjusted EBITDA $70M-$75M; FY2026: net revenue $1.460B-$1.470B and Adjusted EBITDA $315M-$325M (both ranges narrowed)
Net Income: $32 million (down 28% YoY from $44 million)
Total Debt: $100 million outstanding under revolving credit facility
Revenue Yoy: +1%
Total Assets: $990.6 million
Cash Position: $94 million
Ad Clicks Yoy: -5%
Free Cash Flow: $61.1 million in Q2 (vs $45.0 million prior year)
Other Revenue: $33 million record, up 98% YoY
Average Cpc Yoy: +1%
Adjusted Ebitda: $91.4 million, down 9% YoY
Net Income Margin: 8% (down from 12%)
Advertising Revenue: $342 million, down 3% YoY; Services flat at $241M, RR&O down 10% to $102M
Other Revenue Target: $250 million annual run rate by end of 2028
Q2 Share Repurchases: $50 million / 2.0 million shares at $24.92 average
Sbc Percent Of Revenue: 7% in Q2; target below 6% by end of 2027
Adjusted Ebitda Margin: 24% (down from 27%)
Hatch Acquisition Cost: $263.6 million net of cash received
Weighted Diluted Shares Yoy: -15%
Hatch Annual Run Rate Revenue: $35 million in June 2026, up 59% YoY
Paying Advertising Locations: 510k, down 1% YoY
Yelp Host Calls Annual Run Rate: 2.4 million (July 2026), more than 3x from January 2026
Remaining Repurchase Authorization: $339 million as of July 31, 2026; program paused until 2027

Price after filing

1 day: -3.5%7 days: -8.4%30 days: -18.7%

Close on the filing date to close N calendar days later (from $26.63). Historical, not a forecast.

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