Shares of YELP are screaming higher in the after-hours and for good reason. The company was scheduled to finish last in the race and instead BROKE THE FUCKING LEGS AND ARMS OF THEIR COMPETITORS and finished first.
I am quite biased when it comes to YELP, being an avid user of the service and believer in the long term prospects for this magnificent company. Bearshitters like to deride the company as some piece of shit, Google waste product. In fact, Google tried to buy them years ago and Steve Jobs begged Jeremy Stoppleman to not sell out to them. Correctly, Jobs cited the Google people to be evil dick sucking bastards, who wanted to rule the world with iron, gay, fists.
Stoppleman will be having none of that for the eloquent and Liberace styled world of fine dining.
For now, the company is free and independent from the social media oligarchy of Facebook-Google.
Reports Q2 (Jun) earnings of $0.16 per share, $0.01 better than the Capital IQ Consensus of $0.15; revenues rose 29.5% year/year to $173.4 mln vs the $169.8 mln Capital IQ Consensus.
Co issues upside guidance for Q3, sees Q3 revs of $180-184 mln vs. $179.59 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $24 million to $28 million. Stock-based compensation is expected to be in the range of $21 million to $23 million, and depreciation and amortization is expected to be approximately 5% of revenue.
Co issues upside guidance for FY16, sees FY16 revs of $700-708 mln vs. $698.94 mln Capital IQ Consensus Estimate. Adjusted EBITDA is expected to be in the range of $100 million to $108 million. Stock-based compensation is expected to be in the range of $85 million to $87 million, and depreciation and amortization is expected to be approximately 5% of revenue.
Valuation wise, the stock is inexpensive, trading just 4x sales. Bear in mind, this is the single best social media invention of all time. To be selling under TWTR’s 5.5 p/s valuation is an utter and complete joke.
The shares are up 10% in the after hours and how a clean run path towards $75, based upon price to sales compares to GRUB and LNKD.
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About damn time.
Do you think YELP will eventually be acquired by Facebook, Google, etc?
Relating to the oligarchy matter, what do you think of Facebook restricting access to websites of Facebook users to Facebook users who log in?
gap from July 2015 tank is now filled… this will be heading lower from here, remember when this traded $100 I know you