YELP INC (YELP) Form 10-Q — Aug 7, 2026
Yelp filed its Q2 2026 10-Q reporting net revenue of $375.5 million, up 1% year over year, but net income attributable to common stockholders fell 28% to $31.7 million with diluted EPS of $0.57, and adjusted EBITDA declined to $91.4 million from $100.5 million a year earlier. Core advertising revenue fell 3% to $342.5 million, with Restaurants, Retail & Other down 10% and ad clicks down 5%, while other revenue nearly doubled to $33.0 million, boosted by the $271.2 million Hatch acquisition (annual run-rate revenue of roughly $35 million in June 2026), data licensing demand including OpenAI, and Yelp content powering ChatGPT's local experience.
Key figures
- Eps
- 0.57
- Revenue
- 375519000
- Guidance
- Q3 2026: expects a slight year-over-year decrease in net revenue and a year-over-year decrease in adjusted EBITDA as expenses increase sequentially; targeting $250 million annual run-rate other revenue by end of 2028; pausing share repurchases through remainder of 2026 with resumption expected in 2027.
- Net Income
- 31652000
- Total Debt
- 100000000
- Revenue Yoy
- 1%
- Cash Position
- 94142000
- Interest Rate
- 5.3
- Shares Outstanding
- 54263621
- Ad Clicks Yoy Q2
- -5%
- Other Revenue Q2
- 33024000
- Average Cpc Yoy Q2
- 1%
- Goodwill Balance
- 354708000
- Adjusted Ebitda Q2
- 91429000
- Revenue Six Months
- 736976000
- Other Revenue Yoy Q2
- 98%
- Credit Facility Size
- $325.0 million revolver, $100.0 million drawn, $220.7 million available, expiring April 28, 2028
- Net Income Six Months
- 49387000
- Share Repurchases H1
- $175.1 million for 7,097,439 shares (plus $25.0 million subsequent; ~$200 million YTD)
- Advertising Revenue Q2
- 342495000
- Free Cash Flow Six Months
- 106229000
- Adjusted Ebitda Margin Q2
- 24%
- Hatch Retention Payments
- $30.0 million over two to three years
- Advertising Revenue Yoy Q2
- -3%
- Unrecognized Tax Benefits
- $53.8 million
- Hatch Purchase Consideration
- 271222000
- Hatch Revenue Contribution Q2
- 8500000
- Paying Advertising Locations
- 510,000 (-1% year over year)
- Hatch Run Rate Revenue June2026
- approximately $35 million
- Buyback Authorization Remaining
- $338.7 million as of July 31, 2026 (cumulative authorization $2.45 billion)
- Restaurants Retail Other Advertising Yoy Q2
- -10%
Price after filing
Close on the filing date to close N calendar days later (from $25.69). Historical, not a forecast.
AI analysis
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