Yelp Inc. Posts Q2 Loss; Lowers Full Year Outlook - Quick Facts

(RTTNews) - Yelp Inc. (YELP) reported a second quarter net loss of $1.3 million, or $0.02 per share, compared to net income of $2.7 million, or $0.04 per share, in the second quarter of 2014. Non-GAAP net income, which consists of net income excluding stock-based compensation and amortization, was $9.4 million, or $0.12 per share, for the second quarter of 2015. Adjusted EBITDA for the second quarter of 2015 was $22.7 million, reflecting a 32% increase over the second quarter of 2014.

On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates typically exclude special items.

Net revenue was $133.9 million in the second quarter of 2015 reflecting 51% growth over the second quarter of 2014. Analysts expected revenue of $133.48 million for the quarter.

The company said it is lowering outlook for the full year of 2015 based on slower sales headcount growth and the elimination of its brand advertising product.

For the full year of 2015, net revenue is expected to be in the range of $544 million to $550 million, representing growth of approximately 45% compared to full year 2014. Adjusted EBITDA is expected to be in the range of $72 million to $78 million. Analysts expect the company to report revenue of $571.16 million.

For the third quarter of 2015, net revenue is expected to be in the range of $139 million to $142 million, representing growth of approximately 37% compared to the third quarter of 2014. Adjusted EBITDA is expected to be in the range of $12 million to $15 million. Analysts expect the company to report revenue of $152.66 million.