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Yelp now has 72 million mobile users and is profitable

Written by Andre Yoskowitz (Google+) @ 06 Feb 2015 18:39 User comments (3)

Yelp now has 72 million mobile users and is profitable Yelp has just announced their Q4 2014 earnings and full-year results, showing strong growth year-over-year.
The business review site brought in $377.5 million in revenue for the year, up 62 percent year-over-year. Most importantly, Yelp was profitable for the first time ever, totaling $36.5 million for the year.

Overall, the total reviews on the site grew to 71 million, up 35 percent YoY, from 72 million unique mobile users and a total of 135 million monthly unique users. Desktop usership has peaked, and remained flat.

Yelp also announced nearly 100,000 active local business accounts and 84,000 local advertisers. Nearly one-third of the advertisers are paying between $300-$500 per month.

The company says its goal is monetize the international markets now, as only 3 percent of revenue has come from outside the U.S.

Source:
Forbes

Tags: Earnings Yelp
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3 user comments

17.2.2015 1:22

funny i posted about a company that was using slave labor and told people on yelp not to support the company and they removed my post even though they advertised that no post would be removed what a crock

27.2.2015 15:24

Yelp use his employees to write bad reviews to all kind of business ...then charge them to remove them, from the public view.

They are noting more that pure scammers at their best !!!

This message has been edited since its posting. Latest edit was made on 07 Feb 2015 @ 15:25

Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

325.2.2015 12:38

Originally posted by Mrguss:
Yelp use his employees to write bad reviews to all kind of business ...then charge them to remove them, from the public view.

They are noting more that pure scammers at their best !!!
I didn't know they use there own employees do write bad reviews, any sources would be great.

While I can speak from first hand experience a couple years back a friend with a business called me with questions. A number of my computer illiterate friends always call me first to answer questions, we all have them :( Anyway a couple years back a buddy calls "What is yelp?" and had to go find out who they were. My buddy said his place got a number of bad reviews, and a representative from yelp was calling him saying for limited time offer for $350 they would remove the bad reviews. It was surprising when only a couple weeks later i saw in the news yelp was getting in trouble by a number of other businesses complaining about this.

Yelp seems like a parasite feeding off honest people, and personally don't trust many of the reviews on there and avoid it, you should as well.



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