Yelp Investor Presentation Deck

Key investment highlights Accelerating growth Targeting mid-teens revenue CAGR for 2019-2023 Increasing profitability Targeting 30-35% Adjusted EBITDA margin target by 2023 $ Prudent capital allocation Authorized nearly $1 billion in stock repurchases since 2017 20 Strong governance Refreshed board and strengthened focus on performance 2

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