Yelp's first-quarter net loss of 4.8 million dollars narrowed

Sina Science and technology news Beijing time of May 2, consumer reviews website Yelp today released the first quarter of the 2013 financial year results. The report showed that Yelp's net revenue for the first quarter was $46.1 million, a 68% increase from $27.4 million a year earlier, and a net loss of $4.8 million for ordinary shareholders, which is narrower than the net loss of $9.8 million, which was attributed to ordinary shareholders over the same period last year. Yelp's first-quarter revenues, as well as its revenue outlook for the second and 2013 fiscal years, exceeded Wall Street analysts ' expectations, pushing its share price to soar 10%. In the quarter ended March 31, Yelp's net loss was $480 trillion, better than the same period last year. In the first quarter of fiscal year 2012, Yelp's net loss was $9.8 million. Yelp lost 8 cents a share in the first quarter, better than 31 cents per share in the same period last year, but weaker than analysts had expected. Analysts on average expect Yelp to lose 6 cents a share in the first quarter, according to FactSet Research, a financial information provider. Yelp's net revenue for the first quarter was $46.1 million trillion, up 68% from $27.4 million a year earlier, more than analysts had expected. FactSet Research survey shows that analysts expect Yelp's first-quarter revenue to be $44.5 million. Yelp's first-quarter adjusted EBITDA (ie, profit before interest, tax, depreciation and amortization) was USD 3.2 million, which was adjusted for about $1 million last year. Yelp's first-quarter operating loss was $4.6 million trillion, operating at $9.7 million a year earlier. The average monthly number of independent user visits to Yelp in the first quarter was about 102 million, up 43% from the same time last year. Yelp's first-quarter active local business account was about 450,000, up 63% from a year earlier. Yelp expects net revenue for the second quarter of fiscal year 2013 to be $52.5 million to $53.5 million, up about 62% per cent year-on-year, exceeding analysts ' expectations, with an adjusted EBITDA of 4.5 million to 5 million dollars. Yelp also estimated net revenue for fiscal year 2013 to be $216 million to $218 million, up about 58% from the 2012 fiscal year and beyond analysts ' expectations; According to FactSet Research survey, analysts expect Yelp's second-quarter revenue to be $50.4 million trillion and 2013 for fiscal year 212 million. On that day, Yelp fell 0.73 U.S. dollars in regular trading on the New York Stock Exchange, at $25.30, or 2.8%. Yelp's shares rose 2.55 U.S. dollars to 27.85 U.S. dollars, or 10.08%, in a subsequent trading transaction up to 17:34 (5:34 Beijing Time, 2nd). For the past 52 weeks, Yelp has the highest price of $29.48, the lowestThe price is 14.10 dollars. (Tangfeng)