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Yelp reports narrower 4Q loss as revenue climbs

Published on NewsOK Modified: February 6, 2013 at 6:26 pm •  Published: February 6, 2013

Echoing Facebook and online game company Zynga, CEO Jeremy Stoppelman said that Yelp's mobile strategy will "remain a top priority" this year as more people access it from mobile devices. He also said that 2013 would be a "tipping point" for Yelp in Europe as it expands to new markets outside the U.S.

For the current quarter, Yelp expects revenue of $44 million to $44.5 million. Analysts are forecasting revenue of $44.3 million.

For the year, Yelp expects revenue of $210 million to $212 million, while analysts predict $207.1 million.

Yelp went public last March at $15 per share. On Wednesday, its stock fell 48 cents, or 2.1 percent, to $21.90 in after-hours trading after closing up $1.20, or 5.7 percent, at $22.38.