Yelp Inc. — Third Quarter 2026 Earnings Summary

Yelp reported third-quarter 2026 net revenue of $371 million, a 1% decrease from the prior year, while net income fell to $35 million with a 9% margin. Adjusted EBITDA declined 6% year over year to $92 million, reflecting a 25% margin, as advertising revenue faced pressure despite an 82% surge in other revenue. The company updated its full-year 2026 outlook, projecting net revenue between $1.455 billion and $1.460 billion and Adjusted EBITDA between $320 million and $325 million. CEO Jeremy Stoppelman highlighted continued progress in AI transformation and growth in data licensing revenue driven by the AI ecosystem.