Yelp: Q3 Earnings Snapshot

Yelp Inc. (YELP) reported Q3 net income of $34.6M, or 63 cents per share, exceeding analyst expectations of 43 cents. Revenue was $370.9M, also above forecasts of $368.9M, according to Zacks Investment Research.

Original reporting
Published Nov 5, 2026, 9:42 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 5, 2026, 9:56 PM 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: Q3 Earnings Snapshot — source image
Decision brief

The 30-second read

$YELPBullishHigh
01

Why it matters

The earnings beat may trigger short‑term buying pressure, especially in after‑hours trading.

02

Market read

First‑report earnings beat for a mid‑cap tech company; actionable for traders looking for short‑term moves.

03

What to watch

Guidance for Q4 was not disclosed; future performance remains uncertain.

Relevance 8/10Novelty 8/10Timing: after‑hours reaction

Background

Yelp is a publicly traded online‑business review platform that provides local advertising services.

Company-level read

Ticker impact

$YELPBullishHigh confidence
Context

Yelp reported Q3 net income of $34.6 million and EPS of $0.63, beating Zacks consensus of $0.43 per share.

Expected impact

likely upward as the market prices in the earnings beat

Evidence & confidence

Revenue and earnings both exceeded expectations, which typically drives a positive price reaction in the immediate post‑market session.

Market effects

Positive earnings may lift other online‑review and local‑business platforms.

U.S. tech sector may see modest gain from the beat.

Limited to U.S. equities; no broader macro effect.

Counterpoint

If the beat is already priced in, the stock could face a pull‑back.

Key entities

  • Yelp Inc.

    Provider of online business reviews and advertising solutions.

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Why is Yelp stock sliding today?

Yelp (YELP) stock fell 6.6% in pre-market trading after Q3 2026 results showed a 1% revenue decline to $371M and reduced annual guidance to $1.455B–$1.460B, below expectations. Advertising revenue dropped, with Services and Restaurants/Retail ads down 2% and 13% YoY, respectively. Analysts cut price targets, citing macro headwinds, though AI-driven 'Other revenue' surged 82% to $34M.

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Yelp (YELP) Q3 2026 Earnings Call Transcript

Yelp (YELP) reported Q3 2026 net revenue of $371M, down 1% YoY, with net income at $35M, down 12% YoY. Services ad revenue fell 2% YoY, while other revenue surged 82% YoY to $34M, driven by AI products like Yelp Assistant and Hatch. The company expects Q4 net revenue between $347M-$352M and adjusted EBITDA between $57M-$62M, with full-year net revenue now projected at $1.455B-$1.46B.