Yelp Investor Presentation Deck

Strategy execution Solid financial performance in first year of long-term plan $851 2017 Total Net revenue ($ in millions) +11% About Yelp $943 2018 +8% $1,014 Market Opportunity 2019 Margin² Strategy $158 2017 19% ¹GAAP Net Income for FY 2017 was $153 million including a $164 million pre-tax gain on the sale of Eat24. Net Income for FY 2018 was $55 million. Net Income for FY 2019 was $41 million. See Appendix for reconciliation to GAAP Net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool 2Adjusted EBITDA margin calculated as Adjusted EBITDA divided by Net revenue. See Appendix for how we define Adjusted EBITDA and a reconciliation of Adjusted EBITDA to Net income (loss). Adjusted EBITDA¹ ($ in millions) Capital Allocation +16% $183 2018 19% Governance +17% $213 2019 21% Financial Results 29

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