Yelp Inc. Updates Full Year Outlook

(RTTNews) - Yelp Inc. (YELP) announced that, for the full year of 2015, the company now expects net revenue to be in the range of $545.5 million to $551.5 million. Adjusted EBITDA is expected to be in the range of $72 million to $76 million. In July, the company projected its full year 2015 net revenue in the range of $544 million to $550 million, and adjusted EBITDA in the range of $72 million to $78 million.

For the fourth quarter of 2015, Yelp expects net revenue to be in the range of $149.5 million to $154.5 million. Adjusted EBITDA is expected to be in the range of $20 million to $24 million.

For the third-quarter, the company reported a net loss of $8.1 million, or $0.11 per share, compared to a net income of $3.6 million, or $0.05 per share, in the third quarter of 2014. Non-GAAP net income was $2.7 million, or $0.03 per share, for the third quarter of 2015.

Adjusted EBITDA for the third quarter of 2015 was $12.5 million compared to $20.1 million in the third quarter of 2014.

Net revenue was $143.6 million in the third quarter of 2015 reflecting 40% growth over the third quarter of 2014.