Yelp(YELP) - 2024 Q2 - Quarterly Results

EXHIBIT 99.1 Yelp Achieves Record Net Revenue and Strong Profitability in the Second Quarter 2024 Net Revenue increased by 6% year over year to $357 million Net Income increased by 158% year over year to$ 38 million, reflecting an 11% margin Adjusted EBITDA grew 9% year over year to $91 million, reflecting a 26% margin Full-year outlook adjusted to$ 1.410 billion to $1.425 billion of Net Revenue and$ 325 million to $335 million of Adjusted EBITDA 1 SAN FRANCISCO--(BUSINESS WIRE)-- August 8, 2024-- Yelp Inc. ...