Yelp Investor Presentation Deck

Strong cash flow generation Highly cash-generative business model About Yelp $137 Market Opportunity 2017 Free Cash Flow¹ ($ in millions) Strategy $115 2018 ¹Net cash provided by operating activities for FY 2017 was $167.6 million. Net cash provided by operating activities for FY 2018 was $160.2 million. Net cash provided by operating activities for FY 2019 was $204.8 million. See Appendix for how we define Free cash flow, a reconciliation of Free cash flow to Net cash provided by (used in) operating activities, and information about the limitations of Free cash flow as an analytical tool $167 Capital Allocation 2019 Governance Financial Results 30

View entire presentation