Yelp Inc.

Yelp Inc. ( YELP ) Q3 2026 Earnings Call November 5, 2026 5:00 PM EST Company Participants Kate Krieger - Member of Investor Relations Jeremy Stoppelman - Co-Founder, CEO & Director David Schwarzbach - Chief Financial Officer Joseph Nachman - Chief Operating Officer Conference Call Participants Alexander Vegliante - Goldman Sachs Group, Inc., Research Division Robert Coolbrith - Evercore ISI Institutional Equities, Research Division Thomas Guyer - Craig-Hallum Capital Group LLC, Research Division Sergio Segura - KeyBanc Capital Markets Inc., Research Division Kishan Patel - Raymond James & Associates, Inc., Research Division Zachary Witaszek - Robert W. Baird & Co. Incorporated, Research Division Nitin Bansal - BofA Securities, Research Division Presentation Operator Hello, everyone.

Yelp continues to face sharp declines, with a >30% drop year-to-date and no visible turnaround. I reiterate my "Sell" rating, citing decaying revenue, worsening margins, and persistent engagement declines. YELP's advertising business suffers from macro headwinds and falling ad clicks, while diversification efforts face stiff competition.

The headline numbers for Yelp (YELP) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Yelp (YELP) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.61 per share a year ago.