Growth and Profitability Strategy

The trusted resource in Local Consumers and business owners trust Yelp for their local needs Consumers 205 million Cumulative reviews¹ 96 million Unique visitors on desktop and mobile² 1As of December 31, 2019 ²ComScore TTM monthly average, October 2019 3Monthly average for Q4 2019 About Yelp Market Opportunity Jeff Local Business 4.9 million Active claimed local business locations¹ 565,000 Paying advertising locations³ Strategy Capital Allocation Governance Financial Results 5

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