Yelp Results Presentation Deck

$134 Total net revenue (mm) Q2'15 Strong second quarter results +30% $173 Q2'16 Adjusted EBITDA* $23 Q2'15 (mm) +24% $28 Q2'16 MAAAR * See slide 22 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. LEBITDA 2 72 20

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