Yelp Investor Presentation Deck

4) Align capital allocation with shareholder value creation Strong profitability and balance sheet allow robust capital return plan $475 million of stock repurchases completed in the year to date $675 million returned to shareholders via stock repurchases since July 2017 $200M Authorized July 2017 $250M Authorized November 2018 $250M Authorized February 2019 $700M Total repurchase authorization Completed as of September 30, 2019 14

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