M&A - YELP INC

Form Type: DEF 14A

Filing Date: 2025-04-25

Corporate Action: Acquisition

Type: New

Accession Number: 000134501625000020

Filing Summary: Yelp Inc. reported record net revenue in 2024, attributed to growth in Services categories while facing challenges in Restaurants, Retail & Other sectors. Total revenue reached $1.41 billion with a net income of $133 million. The company highlighted significant growth in Services revenue, which comprised 65% of advertising revenue, achieving double-digit growth for 15 consecutive quarters. A notable acquisition was made of RepairPal for approximately $80 million, demonstrating the company's strategic use of capital for growth. The company also repurchased $251 million in shares, increasing total repurchases to over $1.6 billion. Furthermore, governance practices were enhanced with the appointment of Dan Jedda to the Board and updates to governance guidelines to improve director candidate eligibility. The upcoming 2025 Annual Meeting is scheduled for June 13, 2025, where stockholders will vote on various proposals including director elections and advisory votes on executive compensation.