Yelp Announces Q2 Earnings: $32.7 Million Revenue, $2 Million Net Loss

Posted on Aug 2 2012 - 5:13am by Editorial Staff

Yelp today announced financial results for the second quarter ended June 30, 2012. The company reported net revenue of $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 million or $0.03 per share, compared to a net loss of $1.2 million, or $0.08 per share, in the second quarter of 2011. Adjusted EBITDA for the second quarter of 2012 was approximately $1.6 million, compared to $649,000 for the second quarter of 2011. Net revenue for the six months ended June 30, 2012 was $60.0 million, an increase of 66% compared to $36.1 million in the same period last year.

Net loss for the six months ended June 30, 2012 was $11.8 million, or $0.26 per share, compared to a net loss of $3.9 million, or $0.27 per share, in the comparable period in 2011. Adjusted EBITDA for the first six months of this year was approximately $630,000 compared to a loss of $231,000 for the first six months last year.

(Image Source: Yelp logo, Featured Image)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.