Yelp Sees FY24 Revenue $1.41B-$1.425B Vs $1.427B Est.
Portfolio Pulse from Benzinga Newsdesk
Yelp has adjusted its full-year 2024 revenue outlook to a range of $1.41 billion to $1.425 billion, slightly below the previous estimate of $1.427 billion. The company also projects Adjusted EBITDA to be between $325 million and $335 million.
August 08, 2024 | 8:46 pm
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Yelp has revised its FY24 revenue outlook to $1.41B-$1.425B, slightly below the previous estimate of $1.427B. Adjusted EBITDA is projected to be between $325M and $335M.
The slight downward revision in Yelp's revenue outlook may lead to a negative short-term impact on its stock price as it falls below the previous estimate. Investors may react to the lower-than-expected revenue guidance.
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