Yelp reported its earnings for Q4 FY15 on February 8th and the results failed to enthuse investors, with guidance tempering expectations. As a result, the stock price declined by over 10% during the trading hours. The company’s revenues improved to $153.7 million, a 40% growth in the top-line. Yelp reported a sequential and year-on-year decline in net income to a loss of $22.2 million. Additionally, adjusted EBITDA declined to $17.5 million compared to $25.09 million in the prior year quarter. Most of its performance indicators grew at a tepid rate on a sequential basis, albeit they were up in double digits compared to Q4 of last year. While the company reported 33.6% year-over-year growth in cumulative reviews to 95.2 million, the sequential growth was stalled at a paltry 6.2%. Furthermore, average unique monthly desktop visitors declined by 5.44% year over year to 74.60 million, indicating lower engagement among desktop users. Furthermore, engagement on mobile devices decreased as unique visitors from mobile declined to 85.9 million during the quarter, indicating fatigue of user adoption. Below we review Yelp’s Q4 FY 15 results by segment.

from Forbes – Tech http://ift.tt/1LgNS30
via IFTTT