Yelp Results Presentation Deck

$159 Total net revenue (mm) Q1'16 Solid first quarter results +24% $197 Q1'17 Adjusted EBITDA* $13 Q1'16 (mm) +125% $29 Q1'17 wwwwww LETTEREVEL * See slide 21 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. 16

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