Yelp Inc. (NYSE:YELP) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET

Company Participants

James Miln - SVP, FP&A and IR

Jeremy Stoppelman - CEO

David Schwarzbach - CFO

Jed Nachman - COO

Conference Call Participants

Colin Sebastian - Baird

Eric Sheridan - Goldman Sachs

Jason Kreyer - Craig-Hallum

Shweta Khajuria - Evercore ISI

Sergio Segura - KeyBanc

Operator

Good afternoon and welcome to the Yelp Inc. Q4 2023 Earnings Conference Call. Please note that this call is being recorded. [Operator Instructions] Thank you.

I will now turn the call over to James Miln, Senior Vice President, FP&A and Investor Relations. You may begin your conference.

James Miln

Good afternoon everyone, and thanks for joining us on Yelp's fourth quarter and full year 2023 earnings conference call. Joining me today are Yelp's Chief Executive Officer, Jeremy Stoppelman; Chief Financial Officer, David Schwarzbach; and Chief Operating Officer, Jed Nachman.

We published the shareholder letter on our Investor Relations website and with the SEC, and hope everyone had a chance to read it. We'll provide some brief opening comments and then turn to your questions.

Now I'll read our Safe Harbor statement. We'll make certain statements today that are forward-looking and involve a number of risks and uncertainties that could cause actual results to differ materially. Please note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.

In addition, we are subject to a number of risks that may significantly impact our business and financial results. Please refer to our SEC filings, as well as our shareholder letter for a more detailed description of the risk factors that may affect our results.

During our call today, we may discuss adjusted EBITDA, adjusted EBITDA margin, and free cash flow, which are non-GAAP financial measures. These measures should not be considered in isolation from or as a substitute for financial information prepared in accordance with Generally Accepted Accounting Principles. In our shareholder letter released this afternoon and our filings with the SEC, each of which is posted on our website, you will find additional disclosures regarding these non-GAAP financial measures as well as historical reconciliations of GAAP net income to both adjusted EBITDA and adjusted EBITDA margin, and a historical reconciliation of GAAP cash flows from operating cash flows to free cash flow.