Yelp Inc. reported Q4 2025 net revenue of $360 million and full year 2025 record net revenue of $1.46 billion. The company provided FY2026 guidance for net revenue of $1.455-$1.475 billion and adjusted EBITDA of $310-$330 million, alongside announcements of an agreement with OpenAI and the acquisition of Hatchify Inc.
Key takeaways
Q4 2025 net revenue was $360 million, a decrease of 1% year-over-year, with net income of $38 million ($0.61 per diluted share).
Full year 2025 net revenue reached a record $1.46 billion, up 4% year-over-year, with net income of $146 million ($2.24 per diluted share).
The company repurchased approximately 2.9 million shares at an aggregate cost of $88.5 million during the fourth quarter.
FY2026 guidance projects net revenue in the range of $1.455 billion to $1.475 billion and adjusted EBITDA of $310 million to $330 million.
Yelp signed an agreement with OpenAI and acquired Hatchify Inc., an AI lead management platform, to accelerate its AI transformation.