Yelp Results Presentation Deck

$550 2015 Strong financial performance Total net revenue (mm) $713 2016 $850- 865 2017E $69 2015 Adjusted EBITDA* (mm) $120 2016 wwwwww $130- 145 2017E LETTEREVEL * See slide 21 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. 17

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