Yelp Investor Presentation Deck

Delivering more value to advertisers Focus on driving high-quality ad clicks at compelling prices Ad Clicks, Y/Y 20% 1Q19 Average CPC, Y/Y -9% 42% 1Q19 42% -25% 2Q19 33% 2Q19 3Q19 4Q19 1Q20 -22% -16% 3% 3Q19 4Q19 3% -51% 2Q20 35% -25% -22% 3Q20 5% 1Q20 2Q20 3Q20 -8% 4% 4Q20 1Q21 2Q21 3Q21 -3% 87% 4Q20 1Q21 -20% 28% 2Q21 -1% 14% 4Q21 7% 3Q21 4Q21 4% Financial Results & Key Metrics 17% -11% 1Q22 2Q22 32% 1Q22 2Q22 -15% 3Q22 4Q22 36% -7% 3Q22 23% 4Q22 40

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