Yelp Q2 Beats The Street With Top-Line Growth, Narrowing Losses: $32.7M Revenue, $2M Net Loss
Colleen Taylor is based in San Francisco where she is a reporter for TechCrunch TV. Previously she worked for GigaOM, where she reported on startups and Silicon Valley. Earlier, Colleen reported for Mergermarket, an online newswire and subsidiary of the Financial Times focused on M&A. Before that, she was a contributing editor for Electronic News, the semiconductor industry trade newsletter. Colleen... ? Learn More Yelp today reported its earnings for the second quarter of 2012, its second ever financial report as a publicly-traded company. 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. Yelp’s Q2 revenue was $32.7 million, up 19 percent from the previous quarter and up 67 percent year-over-year from the second quarter of 2011. The company’s operations are not yet in the black, but the bottom line performance was better than many expected. Ye...