Yelp Loss Widens Amid Rising Costs; Revenue Soars

Yelp Inc.’s first-quarter loss widened as the local-business review Web site posted its first quarterly report as a publicly traded company.

For the year, Yelp projected revenue of $128 million to $132 million, well above recent estimates of analysts polled by Thomson Reuters for $124 million.

For the current quarter, the company forecast revenue of $29 million to $31 million, while analysts expected revenue of $29 million.

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