Earnings Releases·Nov 5, 2026, 4:06 PM ET

Yelp Inc. — Third Quarter 2026 Earnings Summary

Net revenue declined 1% year-over-year to $371 million, while adjusted EBITDA fell 6% to $92 million; however, other revenue surged 82% year-over-year to a record annual run rate of $136 million.
Management raised full-year 2026 guidance to net revenue of $1.455–$1.460 billion and adjusted EBITDA of $320–$325 million, citing AI tool traction and disciplined strategic execution.
The company completed the acquisition of Hatch, resulting in $263.6 million in acquisition-related cash outflows and a significant increase in goodwill to $353.4 million.
Capital allocation included $200.1 million in common stock repurchases over the nine months ended September 30, 2026, alongside a $75 million revolving credit facility balance.
Free cash flow for the nine-month period decreased to $191 million from $251 million, and cash equivalents dropped to $119.8 million as the company navigates a challenging macroeconomic environment.