Yelp reports Q1 revenues of $159 million, 269 percent ROI for advertisers

by Greg Sterling
Yesterday, after the stock market’s close, Yelp reported Q1 revenue of nearly $159 million, which beat financial analyst consensus estimates. Guidance for the second quarter was also higher than expected, as was full-year guidance of roughly $700 million. The company reported that it had 121,000 active local advertisers with a 76 percent “repeat rate,” meaning year-over-year retention.Read the full article