Yelp Cuts 2026 Revenue Guidance to $1.47B, Shares Drop 11.2%
Yelp’s stock slid 11.2% after the company forecast 2026 revenue at $1.47 billion and adjusted EBITDA of $320 million, each below analyst projections. The platform reported Q4 revenue of $360 million, flat year-over-year, with adjusted EBITDA of $85.7 million and EPS of $0.61, beating estimates.
1. Weak 2026 Guidance Spurs 11.2% Drop
Yelp projected 2026 revenue midpoint at $1.47 billion, 2.8% below street forecasts, and set adjusted EBITDA guidance at $320 million, leading to an 11.2% share decline in early trading.
2. Q4 Results Beat Profit Forecasts
The platform reported Q4 revenue of $360 million, flat year-over-year and matching expectations, while delivering adjusted EBITDA of $85.7 million and EPS of $0.61, both surpassing consensus estimates.
3. Market Reaction and Valuation Pressures
The stock has slid 31.7% since the start of the year and trades nearly 50% below its 52-week peak, reflecting heightened volatility as investors weigh the company’s middling growth outlook against its profitability momentum.