Yelp's quarterly revenue rises 72 percent

Reuters News
Posted: Feb 05, 2014 4:17 PM

(Reuters) - Consumer review website Yelp Inc posted a 72 percent rise in quarterly revenue, helped by strength in its mobile advertising businesses and the addition of more customers.

Yelp's shares rose about 5 percent in extended trading.

The company's net loss narrowed to $2.1 million, or 3 cents per share, in the fourth quarter, from $5.3 million, or 8 cents per share, a year earlier.

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Revenue rose to $70.7 million from $41.2 million.

(Reporting by Chandni Doulatramani & Lehar Maan in Bangalore; Editing by Don Sebastian)