Yelp Posts Strong Q2
Faring better than some other Internet stocks, Yelp reported strong second-quarter earnings on Wednesday. “Overall, the reviews site showed continued top-line revenue growth and a smaller net
loss than it has posted in the past -- a performance that bested the estimates of Wall Street analysts,” TechCrunch reports. In its second-ever financial report as a publicly traded company,
Yelp reported revenue of nearly $33 million -- up 19% from the previous quarter, and up 67% year-over-year. That said, Web watchers are still waiting for Yelp to turn a profit.