Core Insights - Yelp's stock is experiencing a decline of 8.9% following the release of its fourth-quarter and full-year 2025 results, despite beating sales and earnings expectations [1][4] Financial Performance - In Q4, Yelp reported earnings per share of $0.61, exceeding analyst estimates by $0.07, and sales of $359.99 million, surpassing Wall Street targets by $0.77 million [4] - Year-over-year sales in Q4 declined by 0.5%, but total revenue for the year increased by approximately 4%, reaching a record $1.46 billion [4] Future Guidance - For 2026, Yelp is projecting sales between $1.455 billion and $1.475 billion, indicating expectations for flat sales growth following last year's mid-single-digit growth [5] - Non-GAAP EBITDA is expected to be between $310 million and $330 million, a decrease from $369 million the previous year [5] - The company is investing in artificial intelligence and services to drive future growth, but significant sales growth may not materialize until next year [5]

Company Overview - Yelp operates a leading online platform for consumer discovery and engagement with local businesses, utilizing digital advertising and business management tools to drive monetization and value for both businesses and users [1] - The company targets local businesses across various categories, including restaurants, retail, health, and professional services, with a primary user base seeking local information [1] Revenue Generation - Yelp generates revenue primarily through advertising products, including cost-per-click and multi-location ads, as well as subscription-based services and content licensing agreements [2] Stock Performance - As of February 5, 2026, Yelp's stock price closed at $24.04, reflecting a 39.6% decline over the past year, with a transaction executed at an average price of approximately $25.36 per share [2] - The company reported record revenue of $1.5 billion in 2025, but expects 2026 sales to remain flat year-over-year, leading to a significant drop in stock value, hitting a 52-week low of $20.03 on February 13, 2026 [7] CEO Transaction Insights - CEO Jeremy Stoppelman sold 66,200 shares between February 3 and February 5, 2026, for total proceeds of approximately $1.7 million, representing a 30.64% reduction in his direct ownership since May 2024 [3][4] - The sale was executed under a Rule 10b5-1 trading plan, which is commonly used by executives to avoid accusations of insider trading [6] Market Challenges - The company faces challenges from artificial intelligence, which allows consumers to find and evaluate local businesses without visiting Yelp, potentially reducing its usage [8] - Yelp experienced a 6% year-over-year drop in revenue from its restaurants and retail segment, totaling $444 million [8] Investment Considerations - Despite the attractive valuation of Yelp shares, investors are advised to observe the company's upcoming earnings reports before making buy or sell decisions [8]

RT zerohedge (@zerohedge)After Hours:AMAT +10%...big revs guide above on March qtr and “expect to grow our semiconductor equipment business over 20 percent this calendar year”ABNB +1%...Solid beat and C26 " year-over-year revenue growth to accelerate to at least low double digits”ANET +8%...Solid 1Q guide (4Q Revs +29% y/y, GMs 63.4%)CART +13%...1Q EBITDA and GTV guide ahead of consTWLO -8%...beat/guide aboveROKU +12%...4Q Revs inline, 1Q/FY26 EBITDA guided aboveEXPE -3%...4Q GBs/EBITDA beat but 1Q GBs guid ...

Introduction Safe Harbor: Forward-Looking Statements These slides and the accompanying oral presentation contain forward-looking statements. All statements other than statements of historical facts contained in these slides and the accompanying oral presentation, including statements regarding Yelp Inc.'s ("Yelp" or the "Company") future operations, future performance, expected financial results and future financial position, future revenue and revenue growth rates, future share repurchase activity, strateg ...

Core Viewpoint - The communication services sector has identified oversold stocks, presenting a potential buying opportunity for undervalued companies [1]. Group 1: Oversold Stocks - The Relative Strength Index (RSI) is a momentum indicator that helps assess a stock's performance by comparing its strength on up days versus down days [1]. - A stock is generally considered oversold when its RSI is below 30, indicating potential for price recovery [1]. Group 2: List of Oversold Companies - Major oversold companies in the communication services sector include Douyu International Holdings Ltd (NASDAQ:DOYU), Angi Inc (NASDAQ:ANGI), and Yelp Inc (NYSE:YELP) [2][3].

Core Viewpoint - The communication services sector has several oversold stocks that present potential buying opportunities for undervalued companies [1]. Group 1: Oversold Stocks - The Relative Strength Index (RSI) is a momentum indicator that helps assess a stock's performance by comparing its strength on up days versus down days [1]. - A stock is typically considered oversold when its RSI is below 30, indicating potential for price recovery [1]. - The latest list of major oversold stocks in the communication services sector includes Douyu International Holdings Ltd, Angi Inc, and Yelp Inc, all having an RSI near or below 30 [2][3].

Core Insights - The Zacks Internet - Content industry is experiencing growth due to strong demand for digital offerings, video content, and cloud-based applications, aided by advancements in AI and Generative AI [1][3] - Despite growth opportunities, the industry faces challenges from macroeconomic conditions affecting advertising spending, which is a primary revenue source [1][4] Industry Description - The industry includes providers of video encoding platforms, Internet content, staffing services, and online travel companies, among others, and is undergoing rapid digitalization [2] - Advertising remains a major revenue source, prompting companies to enhance their digital presence across various platforms [2] Trends - There is a growing demand for digital offerings driven by technological advancements and the proliferation of smart devices [3] - The industry is characterized by frequent product introductions and evolving consumer behavior [3] Advertising and Revenue - Marketing efforts are focused on increasing website traffic, with advertising and subscriptions being key revenue sources [4] - Consumer spending trends, particularly during holidays, significantly influence revenue, although macroeconomic challenges are expected to impact ad spending in the near term [4] Regulatory Environment - Increased regulatory pressures, especially in China and the EU, are affecting industry participants, particularly regarding advertising practices [5] - The implementation of the General Data Protection Regulation and the Digital Markets Act in the EU adds to the challenges faced by online content providers [5] Industry Ranking - The Zacks Internet - Content industry holds a Zacks Industry Rank of 55, placing it in the top 23% of over 250 Zacks industries, indicating a generally positive outlook [6] - However, the near-term prospects are considered dim, with the industry underperforming compared to the broader market [7][10] Earnings Outlook - Analysts show optimism regarding the industry's earnings growth potential, with a 4.1% increase in the Zacks Consensus Estimate for 2026 earnings since November 30, 2025 [8] Stock Performance - The industry has underperformed the S&P 500 and the broader Zacks Computer and Technology sector over the past year, with a decline of 40.3% compared to the S&P 500's increase of 16.8% [10] Valuation - The industry is currently trading at a trailing 12-month price-to-sales ratio of 3.66X, lower than the S&P 500's 6.61X and the sector's 8.32X [13] Company Highlights - **RELX**: A Zacks Rank 1 (Strong Buy) company benefiting from a shift towards higher growth analytics and decision tools, with a steady earnings estimate of $1.95 per share for 2026 [16][17] - **Yelp**: A Zacks Rank 2 (Buy) stock experiencing growth from increased ad spending and consumer traffic, with a steady earnings estimate of $2.39 per share for 2026 [20][21]

Core Insights - Match Group (MTCH) reported Q4 2025 earnings of $1.06 per share, exceeding Zacks Consensus Estimate by 4.95% and showing a 29.3% increase year-over-year [1] - Revenues reached $878 million, a 2.1% year-over-year growth, also surpassing Zacks Consensus Estimate by 0.74% [1] Revenue Breakdown - Direct revenues were $860.3 million, up 1.8% year-over-year, while indirect revenues rose to $17.7 million, a 19.6% increase from the previous year [2] - Hinge was a key driver of revenue growth, with direct revenues increasing by 26.3% year-over-year [2] User Metrics - The total number of payers decreased by 5.3% year-over-year to 13.8 million, missing the Zacks Consensus Estimate by 1.29% [3] - Revenue per payer (RPP) increased by 7.4% year-over-year to $20.72, beating the Zacks Consensus Estimate by 1.91% [3] Segment Performance - Tinder's direct revenues fell by 2.6% year-over-year to $463.8 million, but still surpassed the Zacks Consensus Estimate by 1.51% [3] - Hinge revenues grew by 26.3% year-over-year to $186.5 million, with payers increasing by 16.5% to 1.9 million [4] Regional Performance - Match Group Asia's direct revenues declined by 1.5% year-over-year to $65.6 million, with payers increasing by 3.4% to 1.0 million [5] - Evergreen and Emerging revenues decreased by 6.8% year-over-year to $144.5 million, despite an 8.3% gain in RPP [6] Operating Metrics - Total operating costs and expenses were 67.6% of revenues, decreasing by 6.8% year-over-year to $593.3 million [7] - Adjusted EBITDA was $369.8 million, up 14.2% year-over-year, with an adjusted EBITDA margin of 42.1%, expanding by 450 basis points [7] Financial Position - As of December 31, 2025, Match Group had cash and short-term investments of $1.0 billion, down from $1.1 billion as of September 30, 2025 [8] - Long-term debt was reported at $4.0 billion, a decrease from $4.1 billion [8] Share Repurchase - In Q4 2025, Match Group repurchased 7.3 million shares for $239 million, with $959 million in aggregate value of shares available under the current repurchase program as of January 31, 2026 [9] Guidance - For Q1 2026, Match Group expects revenues of $850-$860 million, indicating 2-3% year-over-year growth [10] - Adjusted EBITDA is projected to be between $315 to $320 million, reflecting a 15% year-over-year increase [10] - For the full year 2026, revenues are expected to be between $3.410 to $3.535 billion, roughly flat year-over-year at the midpoint [11]

Core Viewpoint - The current market environment favors large-cap stocks, but the VictoryShares Small Cap Free Cash Flow ETF (SFLO) highlights the potential of small-cap investments, particularly in companies like Symbotic Inc. [1] Company Overview - Symbotic Inc. is a leader in AI-enabled robotics technology for the consumer goods supply chain and is positioned for significant growth [2]. - As of December 11, 2025, Symbotic is included in SFLO, which tracks a focused index that emphasizes companies with strong free cash flow [1][2]. Financial Metrics - SFLO aims to track the Victory U.S. Small Cap Free Cash Flow Index, which screens for companies with robust free cash flow (FCF) [3]. - FCF is defined as the remaining funds after operating cash flow minus capital expenditures, serving as a key indicator of financial health [4]. - Symbotic has a high expected FCF yield of 13.64%, significantly outperforming the Russell 2000 Value Index's yield of 3.56% [5]. - The growth rate for Symbotic is 37.32%, compared to 5.62% for the Russell 2000 Value Index, indicating strong growth potential [5]. Investment Strategy - SFLO's index methodology focuses on forward-looking FCF rather than trailing cash flows, allowing it to target companies with high FCF yield and growth potential [5]. - Companies like Symbotic, which focus on innovation and disruptive technology, are essential for identifying investment opportunities in the small-cap sector [6]. Index Characteristics - The Victory U.S. Small Cap Free Cash Flow Index selects high-quality companies based on profitability and strong free cash flow yield, rebalancing quarterly [14]. - Expected FCF is calculated as the average of trailing 12-month FCF and next 12-month forward FCF, divided by enterprise value [14].

Core Insights - Amazon is set to upgrade its AI assistant Alexa+ in 2026, introducing four major integrated features aimed at enhancing user experience and convenience [3][4] Group 1: New Features - Alexa+ will collaborate with Angi to provide users with home service quotes, streamlining the process of finding reliable service providers for tasks like plumbing and cleaning [3] - The integration with Expedia will allow users to easily book hotels through Alexa+, offering personalized recommendations based on user preferences [3] - Square's integration will facilitate payment and business service management for users, enhancing efficiency in daily tasks [3] - Yelp's addition will enable users to access restaurant and service reviews, aiding in informed decision-making [3] Group 2: User Interaction and Adaptation - Alexa+ is evolving from a voice assistant to a comprehensive life assistant, allowing for natural language interactions that enhance user engagement and satisfaction [4] - Industry experts highlight that user adaptability is crucial for the success of this transition, as many users are accustomed to interacting with online services through web or mobile applications [4] - To encourage user behavior change, AI providers must offer a service variety comparable to traditional app stores and recommend services at appropriate times without being overly aggressive [4] Group 3: Future Outlook - The upgrade of Amazon Alexa+ not only brings more convenience to users but also opens new possibilities for the application of AI assistants in daily life [4] - As technology continues to advance, AI assistants are expected to become increasingly integrated into various aspects of life, making everyday tasks more intelligent [4]