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- Advertising Revenue Decline (worsened) — Advertising revenue swung from +4% growth to -6% decline in Q3, with ad clicks down 8% and average CPC growth decelerating from 14% to 2%.
- Stock Repurchase Pause (new) — Company paused buybacks in July 2026 and does not expect to resume until 2027, prioritizing debt repayment.
- Cash and Liquidity Decline (worsened) — Cash and equivalents fell 48% to $119.8M, marketable securities were fully sold, and $75M was drawn on the credit facility.
Yelp revenue slips 1.4% to $370.9M as ad weakness offsets Hatch AI gains
Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read
Key Changes
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high
Net revenue fell 1.4% to $370.9M, with advertising down 6% as ad clicks and CPC growth weakened; net income dropped 12.1% to $34.6M, but diluted EPS rose 3.3% to $0.63 on fewer shares.
MD&A: Revenue verify on EDGAR → -
high
Completed $270.6M cash acquisition of Hatch, an AI lead management platform, driving 82% growth in other revenue; company targets $250M annual run rate by end of 2028.
MD&A: Hatch verify on EDGAR → -
medium
Operating cash flow declined $54M to $233.6M, driven by higher employee and vendor payments and lower interest income.
MD&A: Cash Flow verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify