YELP INC — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Yelp reported Q2 2026 net revenue of $376M (up 1% YoY), beating guidance by $8M, but net income fell 28% to $32M ($0.57 diluted EPS). Adjusted EBITDA declined 9% to $91M. Other revenue surged 98% to $33M (driven by Hatch acquisition at $263.6M cash cost in H1 2026) and data licensing partnerships with OpenAI/ChatGPT. Advertising revenue declined 3% to $342M due to RRO weakness. Company narrowed full-year 2026 guidance: revenue to $1.460–$1.470B (vs. prior range) and Adjusted EBITDA to $315–$325M. Repurchased $50M shares in Q2 at $24.92/share; $200M YTD; drew $100M net on revolving credit facility; paused repurchases to pay down debt.
Why this rating
Mixed results: Other revenue growth and AI momentum offset by core advertising stagnation, margin compression, and integration costs. Hatch acquisition material (~$264M ≈ 27% of market cap) but early-stage. Guidance narrowing suggests execution risk. Relative to $1.4B market cap, not trajectory-altering yet.
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