Yelp Results Presentation Deck

yelp* Total net revenue ($mm) $550 Strong financial performance 2015 $713 2016 $839- 844* 2017E $69 2015 Adjusted EBITDA* ($mm) $120 2016 * 4Q17 outlook reflects the close of the sale of Eat24 to Grubhub. See slide 20 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. $154- 157 2017E

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