Yelp Investor Presentation Deck

Strong financial performance 1. 2. $716 2016 Total net revenue ($ in millions) +19% $851 2017 +11% $943 2018 Margin² $123 2016 17% Adjusted EBITDA¹ ($ in millions) +28% $158 2017 19% +16% Net Income (loss) for FY 2016 was a loss of $1.7 million. Net Income for FY 2017 was $153 million including a $164 million pre-tax gain on the disposal of Eat24. Net Income for FY 2018 was $55 million. See slide 20 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool Margin calculated as Adjusted EBITDA divided by Net Revenue $183 2018 19% 17

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