Yelp Brushes Off the Competition with a Focus on Mobile and Global Expansion
Skift Take
As Google and a crop of smaller startups attempt to crowdsource local reviews and recommendations, Yelp's legacy and continued growth keep it ahead of the curve. But that might not be enough for shareholders who want to see profits more than potential.
Yelp was more focused on touting its mobile growth and international expansion than discussing a crop of competitive startups or its growing losses during its third-quarter earnings call earlier this week.
The go-to site for local business and restaurant reviews reported quarterly revenue of $61.2 million, up 68 percent year-over-year, but its quarterly net loss widened to $2.3 million, causing shares
