Yelp Inc
Yelp Inc. operates a consumer review and local discovery platform that connects people with local businesses across restaurants, home services, auto services, and other neighborhood categories. The company monetizes that audience through performance-based advertising, business profile tools, subscription services, and data/API licensing, primarily in the United States and Canada.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaPerformance-based ads, page upgrades, and partner-sold ad inventory for local businesses.
Operational software for local businesses, including guest management and reception tools.
Paid access to Yelp content and data through Places, AI, and Insights APIs.
Fees from consumer transactions routed through third-party ordering and booking partners.
Tuotteet
Raportoitu · osuus liikevaihdosta- Advertising Services64,7 %
- Advertising Restaurants and Other30,3 %
- Other Revenue5,0 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Yelp sells primarily to local businesses that want to reach consumers at the point of purchase, with a strong focus on services categories such as home services, auto services, and restaurants. It also serves enterprise partners, developers, and platform integrators that license Yelp content or embed ordering and discovery experiences into their own products.
Home, auto, and other service providers buy ads and lead-generation tools to capture high-intent consumer demand.
Restaurants use advertising, ordering integrations, and guest management products to drive traffic and transactions.
National and regional brands buy showcase, spotlight, and audience products to manage campaigns across locations.
Technology and automotive partners license Yelp content and data for maps, assistants, and in-dash experiences.
Small and medium businesses use subscription tools such as Yelp Guest Manager and Yelp Receptionist.
Strategia
Yelp’s strategy centers on deepening its role in local discovery by improving answers, actions, and transaction pathways across its platform. It is also extending AI tools and content licensing so that Yelp data can be used in conversational and partner experiences, while continuing to support local businesses with advertising and operational products.
AI features can improve discovery, lead generation, and partner utility across the platform.
Services categories are central to Yelp’s lead-generation model and advertiser demand.
Licensing content through partners broadens reach beyond Yelp’s own app and website.
Ordering and booking features increase utility and create additional monetization paths.
Maantiede
Q1/2026Yelp is a U.S.-based business with its core consumer and advertiser base concentrated in the United States, while also serving Canada through community and business operations. Its platform and APIs can be used by partners beyond North America, but the company’s economics are tied mainly to local advertising demand in U.S. and Canadian markets.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
Yelp is exposed to local economic conditions because advertisers are small businesses and service providers whose spending depends on consumer demand and business confidence. The company also faces execution risk in AI and new product initiatives, plus competitive and platform risks tied to consumer traffic, review integrity, and partner dependence.
- Adverse macroeconomic conditions in local economiesVaikutus: KorkeaTodennäköisyys: Korkea
Yelp’s advertisers are tied to local consumer spending and business activity, so weak demand reduces ad budgets.
Kohdistuu: U.S. local businesses and services categories
- Strategy execution risk for AI and new productsVaikutus: KorkeaTodennäköisyys: Korkea
New products require upfront investment and may not scale or monetize as expected.
Kohdistuu - Dependence on consumer trust and review integrityVaikutus: KeskitasoTodennäköisyys: Korkea
The platform’s value to advertisers depends on authentic reviews, ratings, and user engagement.
Kohdistuu - Third-party partner concentrationVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Transactions and content distribution rely on partners such as DoorDash, Apple, and auto OEMs.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätAdvertising, subscription, API, and transaction contracts require judgment on timing and amount recognized.
Vaikutus: Affects reported revenue and quarterly comparability
Yelp records certain partner-enabled orders on a net basis, which changes gross versus net presentation.
Vaikutus: Affects revenue scale and margin presentation
Local business demand and category mix create predictable quarter-to-quarter swings.
Vaikutus: Affects revenue trend interpretation
Acquisitions and market changes can trigger impairment charges if expected cash flows weaken.
Vaikutus: Can create non-cash charges to earnings
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Päivitetty: 24.9.2026