Company profile

Ticker
YELP
Exchange
Website
CEO
Jeremy Stoppelman
Employees
Incorporated
Location
Fiscal year end
Former names
Yelp! Inc
SEC CIK
IRS number
201854266

YELP stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Aug 20
14 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 169.03M 249.9M 268.82M 262.47M
Net income -23.99M -15.5M 17.15M 10.06M
Diluted EPS -0.33 -0.22 0.24 0.14
Net profit margin -14.19% -6.20% 6.38% 3.83%
Operating income -35.35M -27.25M 17.65M 9.55M
Net change in cash 34.44M -12.34M 11.85M -4.36M
Cash on hand 65.68M 31.25M 43.58M 31.73M
Cost of revenue 11.83M 16.85M 16.66M 16.51M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.01B 942.77M 846.81M 713.07M
Net income 40.88M 55.35M 153M -1.71M
Diluted EPS 0.52 0.62 1.76 -0.02
Net profit margin 4.03% 5.87% 18.07% -0.24%
Operating income 35.51M 25.9M 179.62M -2.02M
Net change in cash -37.47M -202.03M 163.31M 39.82M
Cash on hand 43.58M 81.06M 283.09M 119.78M
Cost of revenue 62.41M 57.87M 70.52M 60.36M

Financial data from Yelp earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
3 Aug 20 Wilson Laurence Common Stock Sell Dispose S Yes 25 12,242 306.05K 163,650
1 Jul 20 Christine Barone Common Stock Grant Aquire A No 0 7,859 0 14,223
1 Jul 20 Sharples Brian Common Stock Grant Aquire A No 0 7,859 0 12,529
1 Jul 20 Sharples Brian Stock Option Common Stock Grant Aquire A No 34.99 10,000 349.9K 10,000
1 Jul 20 Diane M Irvine Common Stock Grant Aquire A No 0 7,859 0 26,091
1 Jul 20 Diane M Irvine Stock Option Common Stock Grant Aquire A No 34.99 10,000 349.9K 10,000
1 Jul 20 Fred D Anderson Common Stock Grant Aquire A No 0 7,859 0 13,390
1 Jul 20 Fred D Anderson Stock Option Common Stock Grant Aquire A No 34.99 10,000 349.9K 10,000
91.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 222 263 -15.6%
Opened positions 26 45 -42.2%
Closed positions 67 37 +81.1%
Increased positions 80 72 +11.1%
Reduced positions 76 105 -27.6%
13F shares
Current Prev Q Change
Total value 21.48B 37.98B -43.4%
Total shares 66.08M 65.41M +1.0%
Total puts 1.47M 1.44M +2.6%
Total calls 786.2K 1.91M -58.8%
Total put/call ratio 1.9 0.8 +148.9%
Largest owners
Shares Value Change
BLK BlackRock 8.37M $150.87M -7.7%
Vanguard 6.41M $115.63M +1.9%
Prescott General Partners 5.65M $101.89M +14.0%
D. E. Shaw & Co. 3.56M $64.17M +17.9%
Boston Partners 2.8M $50.45M +1.7%
Fisher Asset Management 2.65M $47.74M -6.6%
STT State Street 2.18M $39.22M +2.6%
River Road Asset Management 1.78M $32.09M +19.5%
MCQEF Macquarie 1.51M $27.21M +25.1%
Dimensional Fund Advisors 1.33M $23.95M +4.9%
Largest transactions
Shares Bought/sold Change
Steadfast Capital Management 1.32M +1.32M NEW
Norges Bank 0 -805.65K EXIT
Prescott General Partners 5.65M +694.99K +14.0%
BLK BlackRock 8.37M -694.92K -7.7%
BEN Franklin Resources 31.08K -691.63K -95.7%
D. E. Shaw & Co. 3.56M +541.01K +17.9%
Tenzing Global Management 1.25M +475K +61.3%
Walleye Trading 428.39K +428.39K NEW
Douglas Lane & Associates 180.83K -351.67K -66.0%
Allianz Asset Management GmbH 295.46K -335.66K -53.2%

Financial report summary

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Risks
  • *We generate substantially all of our revenue from advertising. If we fail to maintain and expand our base of advertisers, our revenue and our business will be harmed.
  • *Our strategy to grow our business may not be successful and may expose us to additional risks.
  • *If we fail to manage our employee operations and organization effectively, our brand, results of operations and business could be harmed.
  • *If we are unable to increase traffic to our mobile app and website, or user engagement on our platform declines, our revenue, business and operating results may be harmed.
  • *If we fail to generate, maintain and recommend sufficient content from our users that consumers find relevant, helpful and reliable, our traffic and revenue will be negatively affected.
  • *Our ability to increase our revenue depends on our ability to introduce successful new products and services. Our ongoing investments in developing products and services, including products and services outside of our historical core business, involve significant risks, could disrupt our current operations and may not produce the long-term benefits that we expect.
  • *We face intense competition in rapidly evolving markets, and expect competition to increase in the future.
  • *We rely on third-party service providers and strategic partners for many aspects of our business, and any failure to maintain these relationships could harm our business.
  • *We rely on the performance of highly skilled personnel, and if we are unable to attract, retain and motivate well-qualified employees, our business could be harmed.
  • *Consumers are increasingly accessing online services through a variety of platforms other than desktop computers, including mobile devices. If we are unable to operate effectively on such devices or our products for such devices are not compelling, our business could be adversely affected.
  • *We rely on Internet search engines and application marketplaces to drive traffic to our platform, certain providers of which offer products and services that compete directly with our products. If links to our applications and website are not displayed prominently, traffic to our platform could decline and our business would be adversely affected.
  • We may acquire or invest in other companies or technologies, which could divert our management’s attention, result in additional dilution to our stockholders and otherwise disrupt our operations and harm our operating results. We may also be unable to realize the expected benefits and synergies of any acquisitions or investments.
  • Our business depends on a strong brand. Maintaining, protecting and enhancing our brand requires significant resources and our efforts to do so may not be successful.
  • We are committed to providing a great consumer experience, which may cause us to forgo short-term gains and advertising revenue.
  • *Our business is dependent on the uninterrupted and proper operation of our technology and network infrastructure. Any significant disruption in our service could damage our reputation, result in a potential loss of users and engagement and adversely affect our results of operations.
  • *If our security measures are compromised, or if our platform is subject to attacks that degrade or deny the ability of users to access our content, users may curtail or stop use of our platform.
  • Some of our products contain open source software, which may pose particular risks to our proprietary software and solutions.
  • Failure to protect or enforce our intellectual property rights could harm our business and results of operations.
  • We may be unable to continue to use the domain names that we use in our business, or prevent third parties from acquiring and using domain names that infringe on, are similar to, or otherwise decrease the value of our brand or our trademarks or service marks.
  • *We expect a number of factors to cause our operating results to fluctuate on a quarterly and annual basis, which may make it difficult to predict our future performance.
  • *We have incurred significant operating losses in the past, and we may not be able to generate sufficient revenue to regain profitability. Our recent growth rate will likely not be sustainable, and a failure to maintain an adequate growth rate will adversely affect our business and results of operations.
  • *We have a limited operating history in an evolving industry, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • *If we default on our credit obligations, our business, revenue and financial results could be harmed.
  • We rely on data from both internal tools and third parties to calculate certain of our performance metrics. Real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
  • *If our goodwill or intangible assets become impaired, we may be required to record a significant charge to our statements of operations.
  • *We may require additional capital to support business growth, and such capital might not be available on acceptable terms, if at all.
  • We may have exposure to greater than anticipated tax liabilities.
  • *Changes in tax laws or tax rulings, or the examination of our tax positions, could materially affect our financial position and results of operations.
  • Our business and results of operations may be harmed if we are deemed responsible for the collection and remittance of state sales taxes for orders placed through our platform.
  • We are, and may be in the future, subject to disputes and assertions by third parties that we violate their rights. These disputes may be costly to defend and could harm our business and operating results.
  • *Our business is subject to complex and evolving U.S. and foreign regulations and other legal obligations related to privacy, data protection and other matters. Our actual or perceived failure to comply with such regulations and obligations could harm our business.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • *Our share price has been and will likely continue to be volatile.
  • *We cannot guarantee that our stock repurchase program will be fully consummated or that it will enhance long-term stockholder value. Share repurchases could also increase the volatility of the trading price of our stock and could diminish our cash reserves.
  • We do not intend to pay dividends for the foreseeable future, and as a result, our stockholders’ ability to achieve a return on their investment will depend on appreciation in the price of our common stock.
  • *Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our Company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our amended and restated certificate of incorporation and bylaws provide that the Court of Chancery of the State of Delaware and the U.S. federal district courts will be the exclusive forums for the adjudication of certain disputes, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • Future sales of our common stock in the public market could cause our share price to decline.
Management Discussion
  • (1) Percentage changes are calculated based on rounded numbers and may not recalculate exactly due to rounding.
  • (2) Percentage change is not meaningful.
  • Advertising. We generate advertising revenue from the sale of our advertising products — including enhanced listing pages and performance and impression-based advertising in search results and elsewhere on our platform — to businesses of all sizes, from single-location local businesses to multi-location national businesses. Advertising revenue also includes revenue generated from the resale of our advertising products by certain partners and monetization of remnant advertising inventory through third-party ad networks.
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