Yelp Q3 2013 Revenue Up 68% At $61.2 Million For The Quarter

Yelp logoYelp released its Q3 2013 earnings report today, posting a 68 percent growth in revenue from the third quarter of 2012, with net revenue at $61.2 million for the quarter ending on September 30, 2013.

Cumulative reviews on Yelp have increased 42 percent year over year, climbing to 47.3 million. Average monthly unique visitors grew 41 percent year over year to 117 million. The number of business accounts on Yelp has grown to 57,200, representing 61 percent year over year growth.

“We saw another quarter of strong momentum thanks to high-quality, authentic content contributed by Yelpers around the world,” stated Yelp CEO Jeremy Stoppelman in the release posted on Yelp’s investor relations website. He attributed Yelps recent gains in part to the site’s mobile advances and new features, “In the third quarter, we improved the user experience by adding the ability to write and post reviews from mobile and launched new features such as the customer activity feed for business owners.”

As far as Yelp’s mobile engagement, the company’s third quarter results showed 46 percent of its local ads were shown on mobile devices and 62 percent of searches happened on mobile devices. Yelp claims its mobile app usage this quarter reached a monthly average of 11.2 million unique mobile devices.

Yelp forecasts fourth quarter 2013 net revenue to be in the range of $66 million to $67 million, a 62 percent increase compared to fourth quarter of 2012.

Yelp Q3 2013 balance sheet

Related Topics: Channel: Local | Top News | Yelp

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About The Author: is Third Door Media's General Assignment Correspondent, and reports on the latest news and updates for Marketing Land and Search Engine Land. From 2009 to 2012, she was an award-winning syndicated columnist for a number of daily newspapers from New York to Texas. With more than ten years of marketing management experience, she has contributed to a variety of traditional and online publications, including MarketingProfs.com, SoftwareCEO.com, and Sales and Marketing Management Magazine. Read more of Amy's articles.

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  • http://www.LeadDiscovery.com/ Jerry Nordstrom

    That’s a pretty big jump in accrued liabilities.
    Clearly Yelp has developed good business partnerships to grow their business. However, on the ground many small businesses are not fond of them nor their business practices. Fake reviews, aggressive sales calls, mysteriously filtered positive reviews, inflexible policies to manage business info and no customer support to work out issues. I for one will be glad when Google+ and or LinkedIn get up to speed.

  • Charlie Gray

    I’m sure Google’s love affair with local directories attributed towards the 41% rise in visitors. Yelp ranks pretty well for most local service industry terms. Preventing more anti-trust suits maybe? Maybe we could all sue Google for anti-trust and get a “Search on…” link to our site(s). Worked in the UK.

  • http://boomient.com/ Jim Magary

    Yelp is doing well, but much of their revenue comes from business practices that take advantage of a lack of what web advertising ought to cost. I feel bad for local businesses that pay for their ad packages, as they are applying a “yellow pages” mentality to the expense.

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