Yelp Posts Strong Q2

TechCrunch, Thursday, August 2, 2012 12 PM
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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.

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