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Yelp yahoo finance8/12/2023 ![]() But whatever they are, for Yahoo, it's worth it. Financial terms, of course, have not been reported. Yahoo decline to comment on the reported partnership. The person, who had knowledge of past Yahoo revenue share deals, guessed that the agreement could be lopsided to the tune of 70 percent Yelp, 30 percent Yahoo. Like many of Yahoo's woes, it was mainly a legacy problem: The platform for the, say, Korean market would be different from the platform for the US market, because of the siloed way those platforms evolved separately from each other.Īsked to estimate what a possible revenue share could be, the former Yahoo employee posited that it would be heavily in favor of Yelp, since it comes into the situation with more power thanks to the company's elevated cachet, helped by licensing deals with Microsoft, mentioned above, and Apple, which uses its content in Apple Maps. What's worse, the local-search technology itself had differed from global market to market, making it difficult to to execute on plans. He said that local search in the US market was barely keeping up, and that international efforts were largely ignored. The platform was just rotting," said a former member of Yahoo's local search team. publish chart save to portfolio create alert compare perf. Upgrade to FINVIZElite to get real-time quotes, intraday charts, and advanced charting tools. "Yahoo needed to do this investment a long time ago. Stock Price and Quote Thu JUN 01 5:12 AM NEW: Give your eyes a break with our new Dark and Light mode toggle. In any case, Yahoo's deal with Yelp was long overdue. And when she was at Google, she had tried to get the company to buy Yelp. Mayer has said before that user interface would be a distinguishing facet of Yahoo search, and Yelp results give the company a potent trove of content to draw from (not to mention try to monetize). That type of move has Mayer's fingerprints all over it. Finding a way to dress up and personalize those results even more - especially on mobile - would be a nice touch from Yahoo. For example, if the Yahoo deal is anything like a deal Yelp already has with Microsoft's Bing, if you search for a particular restaurant, you automatically have Yelp reviews and photos at the ready. So the really interesting bit of the Yahoo-Yelp deal is how it could fit into the future of a Yahoo search product with a renewed interest in structured search, with or without Microsoft. (A general example is searching for, say, "flight to London," and having a rate table or calendar pop up for trip dates.) The company has a market cap of $3.77 billion.The company is focusing on "structured search" to try to make search results sizzle - that is, results that usually come from brand and content partners, and are displayed with more pizzazz and information. Yelp has had a mixed ride on the stock market since it went public in 2012. “Traffic growth continues to be healthy, with app unique devices growing 21% year-over-year, and our retention efforts have contributed to strong double-digit advertiser account growth,” said co-founder and CEO Jeremy Stoppelman, in a statement. myBT COMPANIES Banking & Finance Reits & Property Energy & Commodities Telcos, Media & Tech Transport & Logistics Consumer &. It says that full-year revenue will be between $839 million and $844 million, when Wall Street was forecasting $860.7 million.īut it turned out that some of the analyst estimates didn’t take into account the sale of Eat24, its food-delivery business that it sold to GrubHub for $288 million.Ĭiti noted that “shares traded down 7% in after-market trading due, we believe, to confusion on the Q4 guidance (i.e., most sell-side estimates hadn’t been updated to reflect the Eat24 close).” The company says it is expecting between $211 and $216 million in revenue for the fourth quarter, well beneath the $233.6 million that analysts were expecting. Guidance, however, initially spooked investors. Earnings per share were nine cents, which is well above the analyst estimates of negative two cents. This compares to analyst estimates of $220.8 million, according to Yahoo Finance.Īdjusted net income was $25.4 million, compared to $18.4 million, year-over-year. Yelp’s net revenue for the third quarter was $222.4 million, 19 percent growth for the same period last year. Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday.
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