Yelp falls as FY revenue forecast falls short of estimates

By Reuters News17:02 (UTC), 6 November 2026 Updated

** Shares of online review platform Yelp YELP.N fall 6.7% to $19.14 in afternoon trading after issuing a soft annual revenue forecast

** Sees FY2026 net revenue of $1.455 bln - $1.460 bln, below analysts' mean estimate of $1.466 bln even at the high end of the range, according to data compiled by LSEG

** CFO David Schwarzbach says consumers and local businesses are expected to face a "challenging economic environment"

** Q3 revenue fell 1% YoY to $371 mln, above analysts' estimate of $369 mln — LSEG data

** COO Jed Nachman said labor and fuel costs remain elevated for local businesses, weighing on advertising demand, while some customers are choosing to "repair rather than replace" larger home-services projects

** Of 12 analysts covering the stock, 7 rate it "hold", 2 "buy" and 3 "sell"; median PT $23

** Including session move, stock down 35.6% YTD

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