Company Of The Day: Yelp

August 6th, 2021 by Trefis Team
-8.98%
Downside
34.23
Market
31.16
Trefis
YELP: Yelp logo
YELP
Yelp

What?

Yelp (NYSE:YELP) posted a stronger than expected set of Q2 2021 results, with revenue rising 52% year-over-year to $257 million and EPS standing at $0.05, compared to a loss during the same quarter last year.

Why?

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The re-opening of the economy following the Covid-19 lockdowns, and higher advertising revenue from restaurants, retail, and other businesses helped Yelp drive growth.

So What?

Yelp stock rallied by 13% in after-hours trading on Thursday, following the news.

See Our Complete Analysis For Yelp

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