Yelp! Inc. reported net revenue of USD 360 million for the fourth quarter (Q4) of 2025, representing a 1% decline from the prior-year period. The decrease was primarily attributed to lower advertising revenue from Restaurant, Retail & Other (RR&O) businesses, partially offset by growth in advertising revenue from Services businesses and other revenue streams. Adjusted EBITDA for Q4 2025 was USD 42 million, down 15%, while net income reached USD 38 million, a decrease of 10% compared to the same quarter in 2024. Other business metrics highlighted for the quarter include 521,000 paying advertising locations, reflecting a 5% decline year-over-year. Ad clicks increased by 6%, despite an 8% decrease in average cost per click. Yelp! Inc. continues to focus on accelerating its AI transformation and maintaining a strong brand presence, while managing system upgrades and customer service capabilities. The company reiterated its commitment to driving profitable growth through 2026 and beyond.

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