Comparing the current results to its competitors, Yelp Inc reported Revenue increase in the 2 quarter 2026 by 1.38 % year on year. The revenue growth was below Yelp Inc 's competitors' average revenue growth of 16.17 %, achieved in the same quarter.
Yelp Inc 's Comment on Competition and Industry Peers
The market for information regarding local businesses and advertising is intensely
competitive and rapidly changing. We compete for consumer traffic with traditional,
offline local business guides and directories as well as online providers of local
and web search. We also compete for a share of businesses’ overall advertising
budgets with traditional, offline media companies and other Internet marketing
providers. Our competitors include the following types of businesses:
•
Offline. Competitors include offline media companies and service providers, many
of which have existing relationships with businesses. Services provided by competitors
range from yellow pages listings to direct mail campaigns to advertising and listing
services in local newspapers, magazines, television and radio.
•
Online. Competitors also include Internet search engines, such as Google and
Bing, review and social media websites, such as Facebook, as well as various
other online service providers. These include regional websites that may have
strong positions in particular markets.
Our competitors may enjoy competitive advantages, such as greater name recognition,
longer operating histories, substantially greater market share, established
marketing relationships with, and access to, large existing user bases and substantially
greater financial, technical and other resources. These companies may use these
advantages to offer products similar to ours at a lower price, develop different
products to compete with our current solutions and respond more quickly and
effectively than we do to new or changing opportunities, technologies, standards
or client requirements. Certain competitors could also use strong or dominant
positions in one or more markets to gain competitive advantage against us in
markets in which we operate.
We compete on the basis of a number of factors. We compete for consumer traffic
on the basis of factors including: the quality and reliability of our content;
the breadth, depth and timeliness of information; and the strength and recognition
of our brand. We compete for businesses’ advertising budgets on the basis
of factors including: the size of our consumer audience; the effectiveness of
our advertising solutions; our pricing structure; and recognition of our brand.
May 17, 2024
Yelp Inc., the renowned platform connecting individuals with local businesses, recently released its annual Environmental, Social, and Governance (ESG) Report. The report highlights Yelp s ongoing efforts in fostering an inclusive employee experience, creating value for businesses and consumers alike, and its ambitious target of achieving net zero by 2031. Concurrently, Yelp s Board of Directors introduced new inducement grants under the NYSE Rule 303A.08, demonstrating the company s dedication to attracting top talent. This article delves into the significance of Yelp s recent announcements, showcasing the company s commitment to sustainability, employee empowerment, and business growth.Sustainability Initi...
February 28, 2024
Yelp Inc. s Trust and Safety Report Reveals Efforts to Combat Misleading Reviews and Revenue Growth Below Competitors AverageYelp Inc., the leading platform connecting people with local businesses, has recently released its annual Trust and Safety Report, providing insights into the extensive measures taken by the company in 2023 to mitigate attempts to mislead consumers. The report highlights Yelp s automated recommendation software, which helps surface the most reliable and helpful reviews, as well as their efforts to combat fake reviews orchestrated off the Yelp platform.One of the key highlights of Yelp s report is its revenue growth in the third quarter of 2023. Yelp reported a year-on-year revenue inc...
Apple Inc.s business model centers on designing and selling a range of consumer electronics, software, and online services, with a strong focus on innovation and user experience. The company emphasizes vertical integration and brand loyalty through a cohesive ecosystem of products and services, including the App Store, Apple Music, and iCloud, which not only enhance customer engagement but also create diverse revenue streams.
Weibo Corporation operates as a social media platform in China, providing users with a microblogging service and other related services. The company generates revenue primarily through advertising and marketing services offered to businesses targeting Chinese internet users.
Thryv Holdings Inc operates as a software-as-a-service (SaaS) company, offering a comprehensive suite of business management solutions to small and medium-sized businesses. Their business model relies on providing these software tools, including customer relationship management, marketing automation, and payment processing, to help businesses streamline their operations and enhance their efficiency.
Sources:
Yelp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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