Yelp tops Q2 revenue estimates
Yahoo Finance's Jared Blikre breaks down Yelps second quarter earnings report on The Final Round. The company beat revenue expectations but missed on EPS.
Video Transcript
JARED BLIKRE: Yeah, let's take a look at Yelp first. This is a company you know that they're going to be under pressure here. They have a very low bar. And they managed to beat on their loss per share. It was narrower than expected, coming in at $0.33 versus $0.52 expectations.
And then their revenue did post a nice beat. That was up to $169 million in the second quarter. It's down 32% year-over-year. But the estimate was lower, at $152.6 million.
A few other stats for the stock right now-- it looks like they had homes sold of 1,437. That's up 83% year-over-year. Homes purchased, 86. That's down 94% year-over-year, their program where they're buying and selling houses on behalf of people.
And then average monthly unique visitors is 218 million. And second quarter visits were 2.5 billion. It looks like stock is up about 1% in after hours trading here.
