Yelp Inc. - Trusted Content and Sustainable Growth Strategy

Category breadth drove record Ad revenue Financial Results & Key Metrics Despite the pandemic, our monetization efforts contributed to record Services revenue in 2021, while RR&O categories continued to recover $300M $200M $214M $100M Advertising Revenue Paying Advertising Locations 600K $259M $253M $257M $261M 541K 549K 563K 565K 562K $226M $233M $235M $238M $240M $245M 508K 517K 524K 529K 520K 528K 535K 528K 507K 503K $227M $223M $222M $211M $162M 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 400K 200K 378K 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 RR&O Services 36

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