Growth and Profitability Strategy

Robust multi-year capital return program Share repurchase program designed to offset dilution and return capital to shareholders Completed as of December 31, 2019 Remaining Authorization $200M Authorized July 2017 $250M $250M $250M $950M Authorized November 2018 Authorized February 2019 Authorized January 2020 Total repurchase authorization About Yelp Market Opportunity Strategy Capital Allocation Governance Financial Results 24

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