Yelp Investor Presentation Deck

Key investment highlights $ Trusted Content Well-known brand and trusted content provide competitive moat and lower traffic acquisition cost Sustainable Growth Portfolio of product initiatives to drive sustainable, profitable growth over the long term Prudent Capital Allocation Nearly $1 billion returned to shareholders through repurchases¹ As of December 31, 2021 20 Broad-based Local Ad Platform Large, high-intent consumer audience supports broad-based advertising model with large TAM and significant monetization opportunity Transformed Business Model Consistent execution of strategic initiatives has driven structural efficiency through product innovation and sales channel mix Strong Governance Talented Board with diverse skill set and focus on performance, including ESG and Yelp's mission in our local communities 3

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