Description

Yelp: What’s the Real Power Behind the DoorDash Deal & How Did Yelp Add 200,000 Restaurants?

Yelp Inc.’s third quarter results for 2025 presented a mixed picture with several notable accomplishments and challenges. Positively, the company reported a record net revenue of $376 million, up 4% year-over-year, despite a challenging economic environment. The net income margin stood at 10%, while adjusted EBITDA margin was 26%, indicating strong profitability despite a slight year-over-year decline in adjusted EBITDA. The company is actively leveraging AI to enhance its service offerings and consumer experience, having rolled out over 35 new features and updates aimed at expanding user engagement and operational efficiency. Yelp’s focus on its Services segment is notable, with revenue from Services increasing by 7% year-over-year to a record $244 million. The success of AI-powered tools like Yelp Assistant and the new Yelp Host and Receptionist services is contributing positively.