Yelp Investor Presentation Deck

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 Driving retention by delivering more value to advertisers Multi-location attribution, product, and category expansion Restaurant subscription offerings About Yelp Market Opportunity $1B 2019 Revenue Strategy Production Local Mid-teens CAGR Retention Capital Allocation Multi-location Penetration Governance Subscription + Other Services 2023E Revenue Financial Results 19

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