Yelp reports Q4 EPS 28c, consensus 28c

Reports Q4 revenue $309.103M, consensus $306.5M. "We delivered a number of record financial results in 2022 thanks to the strong execution of our teams on our product-led strategy," said Jeremy Stoppelman, Yelp‘s co-founder and chief executive officer. "Record net revenue, driven by record advertising revenue from services businesses as well as in our most efficient sales channels, reflected strong advertiser demand across categories. We also reached record levels in the number of business locations that advertise on Yelp and the average amount each location spends, signaling that our product investments are paying off. Looking ahead, we’re confident in our plan to drive profitable growth over the long term as we deliver on our mission to connect consumers with local businesses."