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How Yelp (YELP) makes money
Yelp (YELP) made $371M of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Total advertising brought in $337M (91%); Other brought in $33.9M (9%). Of every dollar of revenue, 13¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total advertising | $337M | 90.9% | -2% | -6% |
| ↳ Services | $238M | 64.2% | -1% | -2% |
| ↳ Restaurants, Retail & Other | $98.8M | 26.6% | -3% | -13% |
| Other | $33.9M | 9.1% | +3% | +82% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $371M | 100.0% |
| Operating profit | $48.9M | 13.2% |
| Income tax | $15.7M | 4.2% |
| Net earnings | $34.6M | 9.3% |
| Operating cash flow | $100M | 26.9% |
| Free cash flow | $84.5M | 22.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $371M | -1% |
| Q2 2026 | $376M | +1% |
| Q1 2026 | $361M | +0.8% |
| Q4 2025 | $360M | -0.5% |
| Q3 2025 | $376M | +4% |
| Q2 2025 | $370M | +4% |
| Q1 2025 | $359M | +8% |
From Yelp's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Yelp make money?
Yelp (YELP) made $371M of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Total advertising brought in $337M (91%); Other brought in $33.9M (9%). Of every dollar of revenue, 13¢ was left as operating profit, 9¢ was left as net earnings.
What is Yelp's biggest business?
Total advertising: $337M in the third quarter 2026, 91% of revenue, -6% from a year earlier.
What is Yelp's profit margin?
Net earnings were $34.6M, 9.3% of revenue, in the third quarter 2026; the operating margin was 13.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.