By comparison, and though we don't typically pay close attention to Wall Street's demands, most analysts were modeling top-line growth near the high end of Yelp's full-year guidance range.In the end, that light outlook (relative to expectations) explains why Yelp shares closed down a modest 0.7% Friday in response.
Investors are concerned about the company’s sales outlook and declining stock price, which has tumbled 36% over the past nine months to $33.18.
One hedge fund, SQN Investors, even called for the ousting of nearly half the board and a possible sale of the company.
Advice to Management Find a job that has integrity, morals and betters the world.
Not something as pathetic as a "review site" that shows somebody's 'opinion' from 4 years ago that isn't currently relevant.
Yelp also significantly boosted its share-repurchase authorization and outlined plans to drive double-digit growth and improved profitability over the next several years.
Still, with shares down modestly on Friday in response, it's a great time to take a closer look at how Yelp ended 2018.Cons Never in my years have I seen such blatant disregard for the truth.The "algorithm" is flawed and hurting small business nation wide.We plan to continue the transition in 2019, and expect to achieve stronger revenue growth and higher adjusted EBITDA margins in the second half of 2019 as our growth initiatives begin to deliver.Stoppelman added that Yelp anticipates mid-teens revenue growth from 2019 to 2023, with adjusted EBITDA margins expanding to a range of 30% to 35% the end of that period.“We want to drive more from the same-size sales team, and the way we’re doing that is through product innovation.” On Tuesday, as part of its new plan, Yelp introduced three new products for businesses.Up to this point, the company has largely let reviewers control what’s on a business’ Yelp page, through their ability to praise or pan a particular business.“They’re looking for ways to tell their story on Yelp,” said Vivek Patel, Yelp’s chief product officer.“So what could we offer to let them fill out their profile?The three new products aim to let businesses post their own information.Companies must pay a dollar or two daily to have access to the features.
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