BofA/Merrill Lynch Upgrades Yelp (YELP) to Neutral
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Yelp Announces Second Quarter 2016 Financial Results
August 9, 2016 4:05 PM EDTLocal Revenue Increases 41% Over Second Quarter 2015
Jed Nachman Promoted to Chief Operating Officer
SAN FRANCISCO--(BUSINESS WIRE)-- Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today announced financial results for the second quarter ended June 30, 2016.
Net revenue was $173.4 million in the second quarter of 2016, reflecting 30% growth over the second quarter of 2015. Cumulative reviews grew 30% year over year to approximately 108 million. App Unique Devices grew 27% year over year to approximately 23 million on a monthly average basis1.... More