Yelp (YELP) Q1 2016 Earnings

Yelp (YELP) CEO Jeremy Stoppelman said revenue growth accelerated 

“We had a great start to the year with local revenue growth accelerating to 40% year-over-year, driven by the continued strength of our recurring revenue base, as well as better than expected ad budget fulfillment and strong sales team results. This year, we’re prioritizing building our core local advertising business, growing transactions, and increasing consumer awareness.”

Nearly 1 out of every 3 Americans use the Yelp mobile app 

“Based on our measures, we’re at about 30% reach in the U.S. So we feel like there is significant upside, although we’re quite proud of where we are. I think if you look at top 20 comScore properties, we make that list now.”

Even though Yelp has millions of users in international markets, only 2% of their revenue is derived from overseas 

“International revenue contributed about 2% of total revenue in the first quarter.”