Yelp (YELP) Q2 Earnings: What To Expect

Yelp (NYSE: YELP) reports Q2 results Thursday after the bell. Last quarter, it posted $361.5M revenue, flat year over year, and beat analysts’ EBITDA estimates. For this quarter, analysts expect revenue flat YoY, after a prior 3.7% rise. The article cites peer results: Reddit revenue +61.1% and Snap +18.9%.

Original reporting
Published Aug 5, 2026, 3:45 AM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 5, 2026, 4:45 AM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Yelp (YELP) Q2 Earnings: What To Expect — source image
Decision brief

The 30-second read

$YELPNeutralMed
01

Why it matters

Traders can use the article’s consensus framing (flat YoY revenue expected, estimates reconfirmed) to calibrate pre-earnings positioning and implied volatility, but it does not introduce new company-specific information beyond the scheduled report.

02

Market read

This is a pre-earnings checklist for Yelp, anchored on consensus revenue expectations and peer reactions, which can influence near-term trading into the print.

03

What to watch

The preview emphasizes revenue and EBITDA expectations but does not detail user metrics, ad demand, or guidance specifics that often drive post-earnings repricing.

Relevance 4/10Novelty 3/10Timing: ahead of Thursday after-the-bell Q2 earnings

Background

Yelp last quarter beat revenue expectations and reported flat YoY revenue at $361.5 million, with a beat versus analysts’ EBITDA estimates.

Company-level read

Ticker impact

$YELPNeutralMedium confidence
Context

Yelp is set to report Q2 results after the bell Thursday, with the article citing consensus for flat YoY revenue and recent estimate reconfirmations.

Expected impact

Near-term volatility risk around the after-hours earnings release, with direction dependent on whether revenue and EBITDA compare to expectations.

Evidence & confidence

The article provides expectation benchmarks (flat YoY revenue, prior quarter beat, reconfirmed estimates) but no new guidance, datapoint, or surprise catalyst beyond the scheduled earnings event.

Market effects

Limited read-through to the broader local advertising and social/discovery segment because it is primarily a single-name earnings preview.

No specific regional demand or macro linkage is provided.

No global or cross-border operational change is mentioned.

Counterpoint

If Yelp’s prior quarter beat was driven by factors that are not repeatable (pricing, mix, or one-offs), the market could re-rate even if revenue is near consensus.

Key entities

  • Yelp

    Local business platform reporting Q2 results Thursday after the bell.

  • Reddit

    Peer cited as having reported Q2 with strong YoY revenue growth and a post-results stock drop.

  • Snap

    Peer cited as having reported Q2 with revenue growth and a post-results stock rise.

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Yelp (YELP) Q2 2026 Earnings Call Transcript

Yelp (YELP) reported Q2 2026 net revenue of $376 million (+1% YoY) and net income of $32 million (-28% YoY). Adjusted EBITDA was $91 million (-9% YoY). Services ad revenue was flat, RR&O ad revenue fell 10%, and Other revenue rose 98%. Management narrowed FY revenue guidance to $1.460B-$1.470B and paused buybacks to pay down debt after the Hatch acquisition.

$YELPHigh

YELP INC (YELP): Results of Operations and Financial Condition

YELP INC (YELP) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Yelp Reports Second Quarter 2026 Results Net Revenue increased by 1% year over year to $376 million Net Income decreased from the prior year to $32 million, reflecting an 8% margin Adjusted EBITDA 1 decreased 9% year over year to $91 million, reflecting a 24% margin