Yelp reported significant revenue growth vs 2012. The company announced $70.7 million revenue for Q4 2013. That represented 72 percent growth vs. the same period a year ago. For the full year, Yelp said that revenues hit $233 million, compared with $137.6 million in 2012.
Other numbers presented today:
- 53 million total reviews (30 percent of new reviews can from mobile devices)
- 120 million monthly uniques
- 53 million mobile uniques
- 67,000 active local business accounts
The company also said that the Yelp Platform is “now generating over 10,000 food orders each week.” For Q1 2014 the company expects to make between $73.5 million and $74.5 million. Full year 2014 revenues are projected to be $353 million to $358 million.
Last quarter Yelp said that 59% of search queries were coming from mobile devices. There was no update on that number in the earnings release and related materials.
Below are some slides from the earnings presentation.