The company reported a loss of 11 cents per share for the most recent quarter, down from earnings of 5 cents per share in the year ago period.
Revenue increased by 40% year over year, to $143.6 million from $102.5 million in the 2014 third quarter.
Analysts surveyed by Thomson Reuters expected Yelp to report a loss of 9 cents per share on revenue of $141.42 million.
"We executed well this quarter," CEO Jeremy Stoppelman said in a statement. "Consumers are increasingly discovering our app, which represents approximately 70% of engagement across our entire ecosystem."
Separately, TheStreet Ratings team rates YELP INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
We rate YELP INC (YELP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: YELP