Yelp FY2025 cost of revenue rises 15% to USD 142.6 million

Yelp reported FY 2025 net revenue of USD 1.5 billion (up 4%) and net income attributable to common stockholders of USD 145.6 million (up 10%), with adjusted EBITDA of USD 369.2 million and an adjusted EBITDA margin of 25%. Total advertising revenue was USD 1.4 billion (up 3%), including Services advertising revenue of USD 947.6 million (up 8%) and Restaurants, Retail & Other advertising revenue of USD 443.7 million (down 6%). Other revenue was USD 73.7 million (up 17%). FY 2025 free cash flow was USD 323.7 million. In Q4 2025, total advertising revenue was USD 338.2 million (down 2%), with Services at USD 231.4 million (up 3%) and Restaurants, Retail & Other at USD 106.8 million (down 12%); ad clicks fell 8% while average CPC rose 6%. Business updates for 2025 included the contribution from RepairPal (acquired November 2024) to Services growth, the rollout of AI voice call-answering products Yelp Host and Yelp Receptionist, and consumer-facing AI features such as natural language and voice search, AI-powered highlights, and Popular Offerings. Yelp also said it acquired Hatch in February 2026 for about USD 270 million in cash and expects Q1 2026 revenue to be down slightly year over year, with FY 2026 revenue potentially slightly down year over year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yelp! Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001345016-26-000019), on February 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here