Why Yelp Stock Surged Higher Today
Shares of Yelp (NYSE: YELP) surged higher on Friday after financial results for the second quarter of 2022 beat expectations and management raised guidance for the rest of the year. As of 1:30 p.m. ET, Yelp stock was up 21%. Yelp is a local-business review platform, with 99% of 2021 revenue coming from the U.S. and 95% of total revenue was generated through advertisements.