Jason Del Rey

Recent Posts by Jason Del Rey

Yelp Easily Beats Street Estimates in Q2 With Revenue Rising 69 Percent to $55 Million

Yelp’s second-quarter earnings are in, and Wall Street is giving it a solid review.

The online reviews site beat the Street’s expectations with losses of one cent per share on revenue of $55 million, compared to estimates of a loss of four cents per share on $53.3 million in revenue.

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Adjusted EBITDA came in at about $7.8 million, up significantly from $1.6 million in the second quarter last year.

The San Francisco-based company also said it is raising its guidance for the full year, bumping up revenue projections to between $222 million and $224 million, which would mark a 62 percent increase over last year.

The stock was trading up three percent, to $43.05, in after-hours trading.

Yelp is currently embarking on an aggressive partnership strategy to help close the transaction loop for local businesses.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik