YELP - Yelp GAAP EPS of -$0.01 beats by $0.08 revenue of $276.6M beats by $10M

Yelp (NYSE:YELP): Q1 GAAP EPS of -$0.01 beats by $0.08. Revenue of $276.6M (+19.2% Y/Y) beats by $10M. Q1 Ad Clicks increased by 4% Y/Y while Average Cost-per-click increased by 17% Y/Y. Q1 advertising revenue was $263M (+19% Y/Y). Sees Q2 net revenue to be in the range of $280M-$290M. Sees Q2 adj. EBITDA to be relatively flat compared to Q1 and in the range of $45M-$55M. Sees FY net revenue to come in towards the higher end of previously disclosed outlook range of $1.16B-$1.18B. Press release Shares -6.3%.

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Yelp GAAP EPS of -$0.01 beats by $0.08, revenue of $276.6M beats by $10M