Yelp Investor Presentation Deck

1 Deliver mid-teens revenue CAGR from 2019 through 2023 Strong track record for growing revenue... $12 2008 1. 2. 3. 55% 10-year CAGR $233 2013 32% 5-year CAGR $943 2018 ($ in millions) ...with a large market opportunity to sustain long-term growth yelp* ● BIA Kelsey, U.S. Local Advertising Forecast 2018; BIA Kelsey, What's Next? BIA/Kelsey 2017 Analyst Predictions Webinar, Tuesday, January 24, 2017 U.S. Small Business Administration As of September 30, 2019 $150 billion Local advertising spend¹ Multi-Location SMB 20 million Local U.S. business locations² 4.8 million active claimed Local business locations on Yelp³ 7

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