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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About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

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