Yelp Results Presentation Deck

Financials (աա) Engagement Metrics (mm) Business Metrics Strong execution in four years since IPO Quarterly Revenue Quarterly Adjusted EBITDA % Margin App Unique Devices Website Unique Visitors Reviews 4 3 Claimed Local Business Locations (k) Local Advertising Accounts (k) Sales Headcount At IPO $24.9 ($0.0) -0.1% 5.7 65.8 24.8 606 18.8 450 Q1 2016 $158.6 $13.0 8.2% 21.2 146.0 101.6 2,834 121.0 2,300 % Change 537% 272% 122% 309% 368% 544% 411% Note: Financials and metrics at IPO are as of Q4'11 (1) See slide 23 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. (2) Number of unique devices accessing the app on a monthly average basis for the period indicated, according to internal Yelp logs. (3) Number of "users," as measured by Google Analytics, accessing Yelp via the Yelp website (including mobile web) on a monthly average basis for the period indicated. (4) Cumulative number of reviews since inception, including reviews that had been removed or were not recommended, as of the date indicated. 4

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