Yelp released its 4Q 2013 financial results today, reporting end of year net revenue at $233 million, representing 69 percent year-over-year growth from 2012.
While delivering the earnings report call, Yelp CEO Jeremy Stoppelman said, “It was a phenomenal year for Yelp.”
Yelp’s fourth quarter revenue in 2013 totaled $70.7 million, a 72 percent growth rate over 4Q 2012. Yelp also saw 47 percent year-over-year growth in cumulative reviews, with approximately 53 million reviews now on the site. Unique site visitors averaged 120 million per month, representing a 39 percent year-over-year growth.
Active local business accounts on Yelp grew to 67,000 in 2013, a 69 percent year-over-year growth rate.
Yelp shared the following net revenue numbers and year-over-year data in its 2013 financial results news release:
During the earnings report call, Yelp lauded its mobile efforts last year, claiming 30 percent of new reviews during the fourth quarter – 1.1 million – were posted on mobile. The company said it also saw 53 million mobile unique visitors in 4Q 2013.