Yelp Q2 revenue beats estimates on AI transformation, related products
YELP•Outlook narrowed for 2026
- Yelp narrows 2026 net revenue outlook to $1.460 bln-$1.470 bln
- Company narrows 2026 adjusted EBITDA outlook to $315 mln-$325 mln
Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
- The average consensus recommendation for the online services peer group is "buy."
- Wall Street's median 12-month price target for Yelp Inc. is $26.72, about 4% above its August 5 closing price of $25.69
- The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
Quarterly results beat estimates
- Online reviews platform's Q2 revenue rose 1% yr/yr, beating analyst expectations
- Adjusted EBITDA for Q2 fell 9% yr/yr but beat analyst expectations
- Company narrowed 2026 revenue and adjusted EBITDA outlooks amid persistent headwinds for local businesses
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Beat | $375.52 mln | $366.97 mln (9 Analysts) |
| Q2 Net Income | $31.65 mln | ||
