[ad_1]
Yelp Inc (NYSE: YELP ) has reported a decline in net profit for the fourth quarter of 2022 as the business information platform’s revenue rose.
The company reported net income of $20.1 million or $0.28 per share for the December quarter, compared to $23.2 million or $0.30 per share a year earlier. Net profit increased to $ 309.1 million in the latest quarter from $ 273.4 million in the same period last year.
“Looking ahead, we are confident in our plans to drive profitable growth over the long term as we deliver on our mission to connect consumers with local businesses,” said Yelp CEO Jeremy Stoppelman.
[ad_2]
Source link