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Yelp Inc. is a public company that operates an online platform connecting consumers with local businesses. The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "YELP."
Yelp's business model is primarily based on providing local business advertising services, including premium listings, enhanced profiles, and targeted advertisements. The company generates the majority of its revenue from local advertising, with a smaller portion coming from transaction revenue and other services.
As of their most recent earnings report, Yelp's revenue for Q4 2021 was $283 million, an increase of 18% year-over-year. For the full year 2021, Yelp's revenue was $1.05 billion, an increase of 13% compared to 2020.
The company's net income for Q4 2021 was $11.4 million, compared to a net loss of $148.4 million in Q4 2020. For the full year 2021, Yelp's net loss was $15.8 million, an improvement compared to a net loss of $357.6 million in 2020.
Yelp's user base continues to grow, with the company reporting an average of 104 million unique devices accessing its platform on a monthly basis as of December 31, 2021. The company's app has been downloaded over 100 million times and has a 4.6-star rating in the app stores.
In terms of growth, Yelp has been investing in expanding its services beyond just restaurant and food-related businesses. The company has been focusing on home services, professional services, and automotive services. Yelp has also been investing in its transaction platform, which allows users to make reservations, order food, and book appointments directly through the platform.
Overall, Yelp's financials have been improving, and the company's focus on expanding its services beyond just food-related businesses could provide future growth opportunities. However, like any public company, Yelp faces competition and other risks that could impact its financial performance. As always, it's important to do your own research or consult with a financial advisor before making any investment decisions.