Yelp Q3 revenue slightly beats estimates
YELP•Yelp's third-quarter revenue fell 1% year over year to $370.92 million, slightly above the $368.88 million analyst estimate, while adjusted EBITDA declined 6% to $92 million but beat estimates. The company expects 2026 revenue of $1.455 billion to $1.460 billion and adjusted EBITDA of $320 million to $325 million.
1. Quarterly results
Yelp reported third-quarter revenue of $370.92 million, down 1% from a year earlier and slightly above the $368.88 million analyst consensus. Adjusted EBITDA fell 6% year over year to $92 million, topping the $74.65 million estimate. Net income was $34.55 million, with a 9% margin.
2. 2026 outlook
Yelp expects 2026 net revenue of $1.455 billion to $1.460 billion and adjusted EBITDA of $320 million to $325 million. The company said it expects consumers and local businesses to face a challenging economic environment.
3. Growth drivers
Yelp said other revenue rose 82% year over year, helping offset pressure on advertising revenue. The company cited new AI features, including a more personalized Yelp Assistant, and demand for local content in the AI ecosystem as contributors to business traction and data licensing growth.
