11/21/2023 0 Comments Mark mahaney rbc yelp survey![]() Our local advertising business is our top priority, given the significant opportunity to drive higher penetration in our existing markets. This year, we're prioritizing building our core local advertising business, growing transactions, and increasing consumer awareness, and we continue to see tremendous long-term growth potential in these three areas. We had a great start to the year with local revenue growth accelerating to 40% year-over-year, driven by the continued strength of our recurring revenue base, as well as better than expected ad budget fulfillment and strong sales team results. In our press release issued this afternoon and our filings with the SEC, each of which is posted on our website, you'll find additional disclosures regarding these non-GAAP financial measures and a reconciliation of historical net income to adjusted EBITDA and non-GAAP net income and GAAP EPS to the non-GAAP EPS.Īnd with that, I will turn the call over to Jeremy. Please refer to our SEC filings, as well as our financial results press release for a more detailed description of the risk factors that may affect our results.ĭuring our call today, we will discuss adjusted EBITDA, non-GAAP net income and non-GAAP EPS, which are non-GAAP financial measures. In addition, we are subject to a number of risks that may significantly impact our business and financial results. ![]() Please note that these forward-looking statements reflect our opinions only as of the date of this call and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. We'll make certain statements today that are forward-looking and involve a number of risks and uncertainties that could cause actual results to differ materially. Joining me on the call today are CEO, Jeremy Stoppelman and CFO, Rob Krolik and COO, Geoff Donaker, will join us for Q&A.īefore we begin, I'll read our Safe Harbor statement. Good afternoon, everyone, and thank you for joining us on Yelp's first quarter 2016 earnings conference call. I'll now turn the call over to Wendy Lim. Please note that this conference is being recorded. Later, we will conduct a question-and-answer session. At this time, all participants are in a listen-only mode. My name is Stephanie, and I'll be your operator for today's call. Welcome to the First Quarter 2016 Yelp Earnings Conference Call. Jason Helfstein - Oppenheimer & Co., Inc. John Egbert - Stifel, Nicolaus & Co., Inc. Youssef Squali - Cantor Fitzgerald Securities Thornton - SunTrust Robinson Humphrey, Inc. Lloyd Walmsley - Deutsche Bank Securities, Inc. ![]() Jeremy Stoppelman - Co-founder and Chief Executive Officer ( NYSE: YELP) Q1 2016 Earnings Call 4:30 PM ET "It can't be one of our top picks now, just given the rise in valuation and stock price.Yelp, Inc. "Take that Netflix stock, that was at the top of our list earlier this year," he said. Plus, Mahaney said, Google is well-positioned to match job offers dollar for dollar with unicorn companies, and under the new Alphabet umbrella, there are more leadership titles to incentivize top-notch coders to stick around.Īnother big focus for Mahaney: Now that many of the FANG stocks are trading close to their peaks, it makes it more difficult to create upside, with shares of Netflix, for instance, up 91 percent over the past year. Meanwhile, owners of stock in Google, which returns cash to shareholders, can see returns of 20 to 25 percent, he said. Read More Why investors like Google's Alphabet newsĪlthough shares of Facebook have seen a couple of nice rallies in the past year, the upside hovers between 10 and 15 percent, Mahaney said. While the stocks of Google and Facebook are both up over 20 percent year to date, Mahaney favors Google's outlook. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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