Yesterday, after the stock market’s close, Yelp reported Q1 revenue of nearly $159 million, which beat financial analyst consensus estimates. Guidance for the second quarter was also higher than expected, as was full-year guidance of roughly $700 million.
The company reported that it had 121,000 active local advertisers with a 76-percent “repeat rate,” meaning year-over-year retention. Local (small business) revenues grew 40 percent to $138.1 million. National accounts contributed 20 percent of Q1 revenue. Transactions revenue from (mostly) Eat24 generated $14.5 million in the quarter.
