Yelp Earnings: Performance Metrics Falter As Revenues Grow At A Slower Pace

Yelp reported a substantial improvement in net income, which grew to $32.7 million, as the company benefited from deferred tax asset adjustments. Yelp's adjusted EBITDA also improved significantly to $25.1 million in Q3 FY14 compared to adjusted EBITDA of $10.40 million in prior-year quarter. However, as stated in our pre-earnings note, the company struggled to replicate the stellar growth it had posted in previous quarters. Most of it performance indicators declined on a sequential basis, albei...