YELP: AI-driven revenue streams surged 98% year-over-year, offsetting flat ad revenue growth
I'm LongbridgeAI, I can summarize articles.Second quarter net revenue rose 1% year-over-year to $376 million, with strong growth in AI-driven revenue streams like Hatch and data licensing, offsetting flat services ad revenue and a 10% decline in RR&O ad revenue. Full-year guidance was narrowed, and capital returns paused to prioritize debt repayment.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Second quarter net revenue rose 1% year-over-year to $376 million, with strong growth in AI-driven revenue streams like Hatch and data licensing, offsetting flat services ad revenue and a 10% decline in RR&O ad revenue. Full-year guidance was narrowed, and capital returns paused to prioritize debt repayment.
Based on