Yelp's revenue jumps on higher advertising sales

Reuters News
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Posted: Jul 28, 2015 4:22 PM

(Reuters) - Yelp Inc, the operator of consumer review website Yelp.com, reported a 50.8 percent jump in quarterly revenue as more businesses advertised on its platform.

However, Yelp reported a net loss attributable to common stockholders of $1.3 million, or 2 cents per share, in the second quarter ended June 30 compared with a profit of $2.7 million, or 4 cents per share, a year earlier.

Revenue rose to $133.9 million from $88.8 million.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Ted Kerr)