Yelp Beats Q3 2026 Estimates as Revenue Falls 1.4% to $370.9M

Yelp (YELP) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $370.9 million, down 1.4% from a year earlier, above the $368.7 million estimate, and adjusted EPS was $0.63, up 3.3% from a year earlier, above the $0.43 estimate.

Shares were unchanged in after-hours trading as of 4:00 p.m. ET, to $20.52 from a $20.52 close.

Q3 2026 scorecard

By our calculation, revenue was $2.3 million above the estimate and adjusted EPS was $0.20 above it. The QoQ column compares with the previous quarter's revenue of $375.5 million and adjusted EPS of $0.57. The YoY column compares with $376.0 million and $0.61 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 8 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $376.0 million, $360.0 million, $361.5 million, $375.5 million and $370.9 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.48 and revenue of $361.4 million next quarter, based on 6 analysts.
• Revenue growth. Whether revenue stabilizes after this quarter's 1.4% decline from a year earlier to $370.9 million.
• Estimate record. Whether Yelp extends a record of beating EPS estimates in 8 of its last 8 reports.
• Related coverage. See our reports on 10x Genomics, Tandem Diabetes Care, Savers Value Village and Opendoor.

Sources: Results are from Yelp's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Yelp's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.