Yelp Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 09:15 AM
May 13 15
Yelp Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 09:15 AM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States. Speakers: Robert J. Krolik, Chief Financial Officer.
IACI Not Interested To Buy Yelp
May 8 15
Barry Diller, Chairman of the Board of IAC/InterActiveCorp (NasdaqGS:IACI) speaking on CNBC, said he is not interested in buying Yelp Inc. (NYSE:YELP), which has been reported to be working with advisors to explore a potential sale.
Yelp Reportedly Explores A Sale
May 7 15
Yelp Inc. (NYSE:YELP) is reaching out for a sale that could bring $3.5 billion, the Wall Street Journal reported citing people familiar with the matter. The company is working with investment bankers and it has been in touch with potential buyers in recent weeks. Reuters added that Yelp could not be immediately reached for comment. One of the people added that a deal isn't imminent and it's possible Yelp will decide against a sale.
Yelp Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Apr 29 15
Yelp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of $118,508,000 compared to $76,407,000 a year ago. Loss from operations was $4,249,000 compared to $4,604,000 a year ago. Loss before income taxes was $3,687,000 compared to $4,606,000 a year ago. Net loss attributable to common stockholders was $1,284,000 or $0.02 per basic and diluted share compared to $2,635,000 or $0.04 per basic and diluted share a year ago. Net cash provided by operating activities was $25,635,000 compared to $9,323,000 a year ago. Purchases of property, equipment and software were $10,881,000 compared to $4,246,000 a year ago. Capitalized website and software development costs were $3,196,000 compared to $1,592,000 a year ago. Purchase of intangibles was $314,000. Adjusted EBITDA was $16,317,000 compared to $8,513,000 a year ago. Non-GAAP net income was $7,902,000 compared to $5,545,000 a year ago. Non-GAAP net income per share was $0.10.
For the second quarter of 2015, net revenue is expected to be in the range of $131 million to $134 million, representing growth of approximately 49% compared to the second quarter of 2014. Adjusted EBITDA is expected to be in the range of $22 million to $24 million. Stock-based compensation is expected to be in the range of $14 million to $15 million, and depreciation and amortization is expected to be approximately 5% of revenue. The company expects tax rate to be approximately 40%.
For the full year of 2015, net revenue is expected to be in the range of $574 million to $579 million, representing growth of approximately 53% compared to full year 2014. Adjusted EBITDA is expected to be in the range of $102 million to $105 million. Stock-based compensation is expected to be in the range of $58 million to $60 million, and depreciation and amortization is expected to be approximately 5% of revenue.