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Yelp Reports First Quarter 2021 Financial Results 05/06/2021 First quarter Net Revenue of $ 232 million , Net Loss of $ 6 million Adjusted EBITDA increased by 159 % year over year to $ 44 million Raises full year 2021 Business Outlook and now expects $ 1 billion to $ 1.02 billion of Net Revenue and $ 175 million to $ 195 million of Adjusted EBITDA * SAN FRANCISCO -- ( BUSINESS WIRE ) -- Yelp Inc. ( NYSE : YELP ) , the company that connects people with great local businesses , today posted its financial results for the first quarter ended March 31 , 2021 in the Q1 2021 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com . " Yelp's mission of connecting people with great local businesses has never been more important , as local economies begin to recover and people return to businesses in their community , " said Jeremy Stoppelman , Yelp co - founder and CEO . " At the same time , our strategic initiatives continued to gain momentum in the first quarter , achieving record retention and revenue from our Services categories and Self - serve channel . This progress reflects the success of our increased focus on product innovation and more efficient go - to - market approach , which together lay the foundation for our next stage of growth , and positions us well in 2021 and beyond . " * Yelp has not reconciled its Adjusted EBITDA outlook to GAAP Net income ( loss ) because it does not provide an outlook for GAAP Net income ( loss ) due to the uncertainty and potential variability of Other income , net and Provision for ( benefit from ) income taxes , which are reconciling items between Adjusted EBITDA and GAAP Net income ( loss ) . Because Yelp cannot reasonably predict such items , a reconciliation of the non - GAAP financial measure outlook to the corresponding GAAP measure is not available without unreasonable effort . We caution , however , that such items could have a significant impact on the calculation of GAAP Net income ( loss ) . For more information regarding the non - GAAP financial measures discussed in this release , please see " Non- GAAP Financial Measures " below . Quarterly Conference Call Yelp will host a live Q & A session today at 2:00 p.m. Pacific Time to discuss the first quarter financial results and outlook for the second quarter and full year of 2021. The webcast of the Q & A can be accessed on the Yelp Investor Relations website at www.yelp-ir.com . A replay of the webcast will be available at the same website . About Yelp Yelp Inc. ( www.yelp.com ) connects people with great local businesses . With unmatched local business information , photos , and review content , Yelp provides a one - stop local platform for consumers to discover , connect , and transact with local businesses of all sizes by making it easy to request a quote , join a waitlist , and make a reservation , appointment , or purchase . Yelp was founded in San Francisco in July 2004 . Yelp intends to make future announcements of material financial and other information through its Investor Relations website . Yelp will also , from time to time , disclose this information through press releases , filings with the Securities and Exchange Commission , conference calls , or webcasts , as required by applicable law . Forward - Looking Statements This press release contains forward - looking statements relating to , among other things , Yelp's future performance , including Yelp's ability to deliver sustainable growth in 2021 and beyond , that are based on its current expectations , forecasts , and assumptions that involve risks and uncertainties . Yelp's actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance . Factors that could cause or contribute to such differences include , but are not limited to : • fluctuations in the number of COVID - 19 cases , the pace at which vaccinations are administered in the United States , and the timeframe for the lifting of COVID - 19 - related shelter - in - place orders and business restrictions ; ⚫ the pace of reopening and recovery by local economies and economic recovery in the United States generally ;