In its latest reported quarter, Yelp Inc. (YELP) achieved an unprecedented peak in net revenue bolstered by a record-breaking increase in advertising revenue across all categories.
The company saw its net revenue grow 13% year-over-year, setting a record while broadening its net income margin and adjusted EBITDA margin by two percentage points each over the previous year’s period. YELP also boosted its outlook for the full year on strong local advertising demand.
