Thursday, 6 February 2014

Yelp Reports $233 Million In Revenue For 2013, Up 69 Percent From 2012

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Yelp released its 4Q 2013 financial results today, reporting end of year net revenue at $233 million, representing 69 percent year-over-year growth from 2012.
While delivering the earnings report call, Yelp CEO Jeremy Stoppelman said, “It was a phenomenal year for Yelp.”
Yelp’s fourth quarter revenue in 2013 totaled $70.7 million, a 72 percent growth rate over 4Q 2012. Yelp also saw 47 percent year-over-year growth in cumulative reviews, with approximately 53 million reviews now on the site. Unique site visitors averaged 120 million per month, representing a 39 percent year-over-year growth.
Active local business accounts on Yelp grew to 67,000 in 2013, a 69 percent year-over-year growth rate.

Yelp 4th Quarter Year-Over-Year Website Growth:

Yelp metrics 4q 2013
Yelp shared the following net revenue numbers and year-over-year data in its 2013 financial results news release:
Yelp Revenue Q4 2013
During the earnings report call, Yelp lauded its mobile efforts last year, claiming 30 percent of new reviews during the fourth quarter – 1.1 million – were posted on mobile. The company said it also saw 53 million mobile unique visitors in 4Q 2013.

Yelp’s 2013 Mobile Engagement Growth:

Yelp mobile engagement 4q 2013