Yelp quarterly net revenue 2010-2024
Yelp's quarterly net revenue amounted to 332 million U.S. dollars in the first quarter of 2024, down from 342 million U.S. dollars in the previous quarter. The local business recommendation site derives most of its revenue from advertising and was severely impacted by reduced advertising budgets due to the coronavirus pandemic. However, it has seen a steady increase since the beginning of 2021. Additionally, in 2023, the annual net revenue generated by Yelp amounted to over 1.3 billion U.S. dollars.