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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work