BUZZ-Yelp shares fall as its full-year revenue forecast misses market expectations

November 6 - ** Online review platform Yelp (YELP.N) saw its stock price fall 6.7% to $19.14 in afternoon trading after issuing a conservative annual revenue forecast.

** According to data compiled by London Stock Exchange Group (LSEG), the company expects net revenue for fiscal year 2026 (link) to be between $1.455 billion and $1.460 billion, which, even at the upper end of the range, falls short of analysts’ average estimate of $1.466 billion.

** Chief Financial Officer David Schwarzbach said consumers and local businesses are expected to face a "challenging economic environment".

** Third-quarter revenue fell 1% year-on-year to $371 million, coming in above analysts’ expectation of $369 million — LSEG data

** Chief Operating Officer Jed Nachman stated that labor and fuel costs for local businesses remain high, dampening demand for advertising; meanwhile, some customers are opting to “repair rather than replace” when it comes to large home services projects.

** Of the 12 analysts covering the stock, 7 have a "hold" rating, 2 rate it as "buy", and 3 as "sell"; the median price target is $23.

** Including the latest fluctuation, the stock is down 35.6% year-to-date.

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