Growth and Profitability Strategy

Mid-teens long-term revenue CAGR target Key drivers of long-term growth: Improving sales force productivity; driving Self-serve with new product offerings and marketing $1B Driving retention by delivering more value to advertisers Multi-location attribution, product, and category expansion Restaurant subscription offerings Mid-teens CAGR 2019 Revenue Production Retention Multi-location Penetration Subscription + Other Services Local About Yelp Market Opportunity Strategy Capital Allocation Governance 2023E Revenue Financial Results 19

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