Yelp Inc. (NYSE:YELP) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET

Company Participants

Kate Krieger - Director, IR
Jeremy Stoppelman – CEO
David Schwarzbach – CFO
Jed Nachman - COO

Conference Call Participants

Cal Bartyzal - Craig-Hallum Capital Group
Shweta Khajuria - Wolfe Research
Josh Beck - Raymond James
Sergio Segura – KeyBanc Capital Markets
John Colantuoni - Jefferies
Robert Coolbrith - Evercore ISI

Operator

Thank you for standing by. My name is Brianna, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Yelp Third Quarter 2024 Earnings Conference Call. Please note that this call is being recorded. [Operator Instructions].

I would now like to turn the conference over to Kate Krieger, Director, Investor Relations. Please go ahead.

Kate Krieger

Good afternoon, everyone. And thanks for joining us on Yelp's third quarter 2024 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 a 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 Investor Relations website, you will find additional disclosures regarding these non-GAAP financial measures as well as historical reconciliations of GAAP net income or loss to both adjusted EBITDA and adjusted EBITDA margin and a historical reconciliation of GAAP cash flows from operating activities to free cash flow.