Yelp Announces Q3 2012 Results: Revenue Was $36.4 Million, Net Loss Was $0.03 Per Share

Posted on Nov 2 2012 - 4:44am by Editorial Staff

Yelp has announced the financial results for the third quarter ended September 30, 2012. The company reported the net revenue was $36.4 million in the third quarter of 2012, reflecting 63% growth in net revenue from the third quarter of 2011. The cumulative reviews grew 49% year over year to more than 33 million while average monthly unique visitors grew 37% year over year to approximately 84 million. Active local business accounts grew 82% year over year to approximately 35,500.

The net loss in the quarter of 2012 was $2 million or $0.03 per share, compared to a net loss of $3.8 million, or $0.24 per share, in the third quarter a year ago. The net revenue for the nine months ended September 30, 2012 was $96.4 million, an increase of $65% compared to $58.4 million in the same period last year. The net loss for the nine months ended was $13.8 million, or $0.27 per share, compared to a net loss of $7.8 million, or $0.52 per share, in the same period last year.

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