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This statistic highlights the Yelp’s Revenue by Region from Q1 FY 2016 to the latest quarter.
Yelp Inc., headquartered in San Francisco, is the company that hosts, markets, and develops the recently made Yelp mobile app and previously made the Yelp.com website, which is purposed to publish crowd-sourced reviews about different businesses. Two former PayPal employees, Russel Simmons and Jeremy Stoppelman founded Yelp in 2004. Yelp successfully expanded throughout Europe and Asia from 2009 to 2012. Yelp grew usage wise and raised several rounds of funding in the following years. As Yelp became a public listed company in March 2012, it became profitable for the first time two years later. As of Q2 FY 2019, Yelp reported having a monthly average of 76.7 million unique visitors via its mobile website and 61.8 million unique visitors via a desktop computer.
Yelp’s primary region for operating business is U.S. Other than the U.S., and Yelp operates its services in more than 32 countries. A substantial majority of Yelp’s revenue generates in the United States.
The growth was consistent for revenues in the U.S., while the rest of the countries witnessed a steeping growth. In Q1, Yelp earned net revenue of $155.39 million in the U.S., while $3.22 in other countries, driven by reliable sales team results, and better than expected ad budget fulfillment. With a growth of 9.22% in Q2, revenue in the U.S. increased to $169.72 million. After the consistent growth, revenue reached $713.07 million in the U.S. alone, while after the stability Q3 onwards, revenue in other countries reached $3.96 million.
The year 2017
In Q1, revenue in the U.S. grew by 25.33% compared to last year to $194.76 million because of accelerating traffic growth across the desktop, mobile website, and app, while revenue in other countries slightly increased by 5.9% YoY to $3.41 million. With consistent growth across the globe, the revenue in the U.S. rise to $219.64 YoY as the traffic growth continues to be healthy, while in other countries, it dropped to $3.65 million YoY. But due to the sale of Eat24, previously owned ventures, the revenue dropped across the U.S. and other operational countries to $215.41 million.
The year 2018
In Q1, the revenue in the U.S. increased to $219.92 million due to advertising revenue growth, attracting a record number of new advertisers. In contrast, the revenue in other countries hit the all-time lowest in the past two years to $3.15 million. Revenue in the U.S. is consistent in the subsequent quarters, tolled to total $927.57 million this year. After a steady growth till Q3, revenue in other countries dropped by 10% to $3.27 in Q4 YoY.
The year 2019
During the year, revenue from the U.S. and other countries witnessed consistent growth across the quarters. In the first quarter of 2019, revenue from national businesses grew by 5.8% to $232.71 million, driven by expanded opportunities in advertising products, while multi-location businesses increased by 2.5% to $3.23 million. After the consistent growth in subsequent quarters, the overall year marked as a pivotal year as the company embarked on an ambitious, multi-year business transformation plan tolling a total revenue figure of $1014.19 million.
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* Billed annually, local taxes extra.
* Local taxes extra.