Yelp?s Post-IPO Earnings: $27.4M in Revenue, Up 66% From A Year Earlier, But Net Loss Triples

In its first ever earnings report as a publicly-traded company, Yelp said it earned $27.4 million in revenue, up 66 percent from the $16.5 million it made in the same time a year ago. However, the company more than tripled its net losses, mostly on rising costs associated with supporting a larger sales staff. It lost $9.8 million, up from the $2.7 million it lost in the same time a year earlier. That loss of 31 cents per share was about double what analysts had estimated. Analysts had predicted a loss of 15 cents per share, according to a Bloomberg survey. Looking at the sheet, Yelp's loss expanded mostly on sales, marketing and administrative costs. Sales and marketing costs rose to $18.8 million, up from $11.3 million the year before. On the earnings call, the company said much of this headcount growth came from international expansion, which it has yet to fully monetize. In the first quarter, Yelp launched in 11 new markets, eight of which were international.

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