Yelp Results Presentation Deck

$378 2014 Strong financial performance Total net revenue (mm) $550 2015 $700- 708 2016E $71 2014 Adjusted EBITDA* (mm) $69 2015 $100- 108 2016E * See slide 22 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. LEBITDA 2 72 16

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