Yelp Reports Third Quarter 2026 Results
Business Wire•05/11/2026•16:05 ET
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Key Highlights
- ➤Q3 net revenue $371 million, down 1% year over year
- ➤Q3 net income $35 million, down year over year, with a 9% margin
- ➤Q3 Adjusted EBITDA $92 million, down 6% year over year, with a 25% margin
- ➤2026 net revenue outlook $1.455 billion to $1.460 billion
- ➤Other revenue grew 82% year over year to a record $136 million annual run rate
Expert Statements
Jeremy Stoppelman, Co-founder and chief executive officer of Yelp
“Yelp continued to advance its AI transformation in the third quarter, and recently introduced more than 30 new features and updates, including a smarter and more personalized Yelp Assistant. Our AI tools for businesses are gaining traction, supported by substantial advances in voice AI that enable more natural conversations in both Yelp Host and Hatch. Continued demand for our trusted local content across the AI ecosystem drove growth in revenue from data licensing. While we expect consumers and local businesses to continue facing a challenging economic environment, I'm confident our strategic initiatives will position Yelp to deliver long-term shareholder value.”
David Schwarzbach, Chief financial officer of Yelp
“In the third quarter, Yelp delivered net revenue of $371 million, $1 million above the high end of our outlook range. While advertising revenue remains pressured, other revenue grew 82% year over year to a record annual run rate(3) of $136 million, gaining traction toward our target of $250 million. Looking ahead, we believe our disciplined approach and strategic focus on high-return areas will create long-term value.”
Net Income decreased from the prior year to $35 million, reflecting a 9% margin
Adjusted EBITDA(1) decreased 6% year over year to $92 million, reflecting a 25% margin
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