Yelp Inc (NYSE:YELP)’s global play tops analysts’ estimates in Q2

Posted by sara Frank August 2, 2013 0 Comment 654 views

Yelp Inc (NYSE:YELP)’s Q2 earnings report has some pretty interesting news. The company achieved considerable growth with the integration of traffic from Italy and Spain and Qype content from France. It launched 6 new Yelp markets. These included 2 domestic and 4 international ones. This has added on a huge volume of new local business across the world.

Healthy growth

For the quarter, the company’s overall revenue was $55M which was way above the $46.1m that was clocked in the 2013 Q1. The net revenue projection for the Q3 is expected to be in the $58M-$59M range. The Q2 net loss was a minimal $878,000.

Cumulative reviews were 42.5M and there was an average of 108M, monthly unique-visitors for the months of April, May and June. Around 10% of the unique were derived from mobile. The company showed very strong growth and all the mentioned figures are a representation of global markets which showed a significant y-o-y growth. In the quarter, YELP’s mobile business gained some momentum as 40 percent of local ad-impressions took place on the mobile platform.

The company reported adjusted earnings of $7.8M in comparison to the $1.6M that they stood at a year ago in the same quarter. Year-over-year, there was a 51.5% increase to $30.8M, in marketing and sales expenses while product-development costs rose 70.2% from the same quarter in 2012, to $10.1M. There was a 70.2% to $10.1M rise in administrative and general expense from the same quarter a year ago.

Yelp Inc (NYSE:YELP) has projected that the Q3 revenue will be $58M-$59M. The average analyst estimate is $57.4M. The projected annual sales are $222M-$224M, in comparison with the average analyst estimate of $219.8M. In the Q4, the company has search-ads to its mobile app. In the first quarter of 2013, display ads had been added.

About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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