Yelp Inc.
New York Stock ExchangeRecent
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ROIC.AI
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- Yelp Inc is a San Francisco-based company founded in 2004 that operates a community-driven local business platform connecting consumers with local businesses across 32 countries. Its core products and services include a crowd-sourced local business review and social networking website and mobile app where users can read and post reviews, photos, and ratings for restaurants, retail stores, home services, health and wellness providers, and other local businesses. Yelp offers features such as business listings with updated contact details and hours, reservation booking, food delivery ordering through partnerships like DoorDash, and home services hiring with AI-driven tools to simplify discovery and selection. Revenue streams mainly derive from local advertising, business services, and transactional services that facilitate local commerce. In recent developments, Yelp has significantly expanded its AI capabilities with the 2025 Fall Product Release introducing over 35 AI-powered features including an enhanced Yelp Assistant chatbot for conversational local discovery, AI call-answering products such as Yelp Host and Yelp Receptionist, and Menu Vision for visual dish recognition. The company also formed a strategic partnership with DoorDash to integrate restaurant discovery with seamless food ordering and delivery tracking, while maintaining other delivery partnerships to maximize coverage. Yelp’s 2024 financial performance was strong with record net revenue of $1.41 billion, a 34% increase in net income to $133 million, and continued growth in services revenue. In 2025, Yelp is focused on profitable growth driven by services leadership, advertiser value, consumer experience transformation, and deepening AI integration. Yelp operates primarily in the digital local advertising and services industry targeting consumers and local businesses mainly in North America but also internationally. It offers business owner tools for advertising and insights through its Yelp for Business platform and continues to innovate its user experience through ongoing AI enhancements. The company remains publicly traded on NYSE under the ticker YELP. Its focus on AI-powered product innovation and strategic delivery partnerships reflects its evolution from a pure review platform to an integrated local commerce ecosystem.
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