yelp inc’s stock climbed more than 10 in afterhours trading thursday when the company announced record annual revenue and strong guidance for the year yelp yelp reported fourthquarter net income of 2015 million or 28 cents a share compared with net income of 232 million or 30 cents a share in the same quarter a year ago net revenue improved 13 to a record 3091 million from 2734 million last year yelp’s sixth consecutive quarterly revenue record analysts polled by factset expected net income of 30 cents a share on revenue of 306 million yelp said it expects 2023 net revenue to be between 129 billion and 131 billion as it continues executing on its strategic initiatives analysts surveyed by factset expect that figure to be 1286 billion the results and guidance illustrate continued ad demand at yelp and offer muchneeded relief to investors following some disappointing financial numbers from alphabet inc’s googl goog google facebook parent company meta platforms inc meta and snap inc snap  yahoo is also about to eliminate more than 1600 jobs because of poor adtech sales those companies which rely heavily on advertising have been battered by cost cuts from ad buyers and by foreignexchange tailwinds “it comes down to two parts consumers are able to rely on yelp to make a decision and for advertisers it’s a highintent more affluent audience” chief financial officer david schwarzbach told marketwatch he called 2022 the company’s best year yet with net revenue a record 119 billion up 16 from the prior year yelp’s shares rose more than 10 in afterhours trading immediately following the release of the results thursday after declining 3 to 3087 in regular trading the stock is up 13 so far this year the broader sp 500 spx is up 63