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Yelp intends to make future announcements of material financial and other information through its Investor Relations website. Yelp was founded in San Francisco in July 2004. With unmatched local business information, photos, and review content, Yelp provides a one-stop local platform for consumers to discover, connect, and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment, or purchase.

( connects people with great local businesses.

The webcast of the Q&A can be accessed on the Yelp Investor Relations website at A replay of the webcast will be available at the same website.

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Pacific Time to discuss the third quarter financial results and outlook for the fourth quarter and full year of 2021. Yelp will host a live Q&A session today at 2:00 p.m. For more information regarding the non-GAAP financial measures discussed in this release, please see вЂњNon-GAAP Financial MeasuresвЂќ below. We caution, however, that such items could have a significant impact on the calculation of GAAP Net income (loss). Because Yelp cannot reasonably predict such items, a reconciliation of the non-GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort. вЂњWhile we expect the macro environment to continue to fluctuate in the short term, our investments aim to drive long-term sustainable growth at attractive margins.вЂќДЎ Yelp has not reconciled its Adjusted EBITDA outlook to GAAP Net income (loss) because it does not provide an outlook for GAAP Net income (loss) due to the uncertainty and potential variability of Other income, net and Provision for (benefit from) income taxes, which are reconciling items between Adjusted EBITDA and GAAP Net income (loss). вЂњEven as we continued to increase our strategic investments in the third quarter, we delivered a 26% Adjusted EBITDA margin, reflecting our structurally more efficient business,вЂќ said David Schwarzbach, YelpвЂ™s CFO. These strong results are a testament to the consistent execution of our distributed teams who have remained focused on delivering more value to our advertisers, while connecting people with great local businesses through YelpвЂ™s trusted content.вЂќ

вЂњNet revenue matched our best quarterly performance ever, and for the fourth consecutive quarter we drove record revenue in our Services categories and Self-serve channel. (NYSE: YELP), the company that connects people with great local businesses, today posted its financial results for the third quarter ended Septemin the Q3 2021 Shareholder Letter available on its Investor Relations website at вЂњIn the third quarter, our teams continued to make progress on our strategic initiatives through an elevated pace of product innovation,вЂќ said Jeremy Stoppelman, Yelp co-founder and CEO. Third quarter Net revenue grew 22% year over year to $269 million, resulting in a positive Net income of $18 millionДЄdjusted EBITDA increased by 34% year over year to a record $71 millionДЇull year Net revenue outlook narrowed to the high end of the range: $1.02 billion to $1.03 billion, and full year Adjusted EBITDA 1 outlook raised to $233 million to $243 million