Investor Presentaiton
Introduction
Safe Harbor:
Forward-Looking
Statements
These slides and the accompanying oral presentation contain
forward-looking statements. All statements other than statements
of historical facts contained in these slides and the accompanying
oral presentation, including statements regarding Yelp Inc.'s ("Yelp"
or the "Company") future operations, future performance,
expected financial results and future financial position, future
revenue and revenue growth rates, future share repurchase
activity, strategic initiatives and investment priorities as well as
their anticipated results, projected growth, expenses and savings,
trends, opportunities, prospects, estimates, and plans and
objectives of management are forward-looking statements. In
some cases, you can identify forward-looking statements by terms
such as "believe," "may," "will," "estimate," "forecast," "guidance,"
"continue," "anticipate," "intend," "could," "would," "project," "plan,"
"potential," "target," "opportunity," "initiative," "model," "expect" or
the negative or plural of these words or similar expressions. The
Company has based these forward-looking statements largely on
its estimates of its financial results and its current expectations
and projections about future events and financial trends that it
believes may affect its financial condition, results of operations,
business strategy, short-term and long-term business operations
and objectives and financial needs.
yelp*
These forward-looking statements are subject to a number of
risks, uncertainties and assumptions, including macroeconomic
uncertainty including related to inflation, interest rates and
supply chain issues, as well as severe weather events and the
prevalence of respiratory illnesses - and its effect on consumer
behavior, user activity and advertiser spending; the impact of fears
or actual outbreaks of disease and any resulting changes in
consumer behavior, economic conditions or governmental actions;
our ability to maintain and expand our base of advertisers,
particularly if advertiser turnover substantially worsens and/or
consumer demand significantly degrades; our ability to drive
continued growth through our strategic initiatives; our ability to
continue to effectively operate with a primarily remote work force
and attract and retain key talent; our limited operating history in
an evolving and competitive industry; our ability to generate and
maintain sufficient high-quality content from our users; our
reliance on traffic from search engines like Google and Bing and
the quality and reliability of such traffic; our ability to manage
acquisitions of new businesses, solutions or technologies and to
integrate and monetize those businesses, solutions or
technologies; our ability to timely upgrade and develop our
systems, infrastructure and customer service capabilities; our
ability to maintain a strong brand and manage negative publicity
that may arise; and changes in political, business and economic
conditions. These risks and uncertainties may also include those
described in the Company's most recent Form 10-Q or Form 10-K
filed with the Securities and Exchange Commission.
New risks emerge from time to time. It is not possible for Company
management to predict all risks, nor can the Company assess the
impact of all factors on its business or the extent to which any
factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
the Company may make. In light of these risks, uncertainties and
assumptions, the forward-looking events and circumstances
discussed in these slides and the accompanying oral presentation
may not occur and actual results could differ materially and
adversely from those anticipated or implied in the forward-looking
statements. You should not rely upon forward-looking statements
as predictions of future events. Although the Company believes
that the expectations reflected in the forward-looking statements
are reasonable, the Company cannot guarantee that the future
results, levels of activity, performance or events and circumstances
reflected in the forward-looking statements will be achieved or
occur. Moreover, neither the Company nor any other person
assumes responsibility for the accuracy and completeness of the
forward-looking statements. Any forward-looking statement
speaks only as of its date. Except as required by law, the Company
undertakes no obligation to update publicly any forward-looking
statements for any reason after the date of this presentation, to
conform these statements to actual results or to changes in the
Company's expectations.
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