Yelp beats by $0.04, beats on revs; guides Q4 revs in-line; guides FY16 revs above consensus :
- Reports Q3 (Sep) earnings of $0.22 per share, $0.04 better than the Capital IQ Consensus of $0.18; revenues rose 29.7% year/year to $186.2 mln vs the $182.92 mln Capital IQ Consensus.
- Cumulative reviews grew 29% year over year to approximately 115 million.
- App Unique Devices grew 24% year over year to approximately 25 million on a monthly average basis
- Local advertising accounts grew 30% year over year to approximately 135 thousand
- Co issues in-line guidance for Q4, sees Q4 revs of $191-195 mln vs. $192.64 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $36 million to $40 million.
- Co issues upside guidance for FY16, sees FY16 revs of $709-713 mln vs. $707.61 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $111 million to $115 million.
- "We continue to pursue our mission of connecting consumers with great local businesses everywhere, and our local business in the U.S. has accelerated this year. We have not yet achieved the same level of traction internationally and we have decided to redirect our resources towards the domestic opportunity for now. This was not an easy decision as it affects our valued colleagues abroad, however it allows us to sharpen our focus on the large, profitable and rapidly growing domestic business."
No comments:
Post a Comment