Tencent Securities News According to foreign media reports, the US review site Yelp (NYSE: YELP) published the company's financial report for the first quarter of fiscal year 2018 after the US stock market closed on Thursday. According to the report, Yelp's net revenue for the first quarter was 223 million US dollars, up from 198 million US dollars in the same period last year, exceeding Wall Street analysts' previous expectations; net loss attributable to common stock shareholders was 22.86 billion US dollars, which is somewhat narrower than the net loss of 40.26 billion US dollars in the same period last year.

After the earnings report was released, Yelp's stock price surged 8% after the market. Previously, the stock closed down 0.4% in regular trading on the New York Stock Exchange.

In this quarter, Yelp's net loss was $2.286,000, or a loss of 3 cents per share. Compared to the net loss and loss per share of 4,026 million dollars and 5 cents per share for the same period last year, this performance was superior to Wall Street analysts' previous expectations. According to a survey by financial information provider FactSet, analysts expect Yelp to lose an average of 5 cents per share in the first quarter.

Revenue for this quarter was US$223 million, up from US$198 million in the same period last year. This performance also exceeded expectations, mainly due to “the strong performance of Yelp's extensive advertising business.” According to the FactSet survey, analysts previously expected Yelp's average first-quarter revenue to be 220 million US dollars. (Nebula)