Yelp Inc. (YELP) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.296 Ladies and gentlemen, once again, I do really appreciate your patience. 00:00:03.296 -- 00:00:06.099 Good afternoon and welcome. My name is Aaron. 00:00:06.099 -- 00:00:07.962 I will be our conference operator for today. 00:00:07.962 -- 00:00:13.590 And I would, again, like to welcome you to the Q1 2026 Yelp incorporated 00:00:13.590 -- 00:00:18.477 earnings conference call. All lines have been placed on mute to prevent any background 00:00:18.477 -- 00:00:22.743 noise. After the speaker's remarks, there will be a question and answer session. 00:00:22.743 -- 00:00:27.018 And at that point, if you would like to ask a question, remember it's star plus the number 00:00:27.018 -- 00:00:31.545 one on your telephone keypad. At any point, if you'd like to withdraw your question, 00:00:31.545 -- 00:00:33.708 just hit star followed by the number one again. 00:00:33.708 -- 00:00:35.611 And 00:00:35.611 -- 00:00:37.294 with that, let's go ahead and begin our call. 00:00:37.294 -- 00:00:43.283 It's my pleasure to turn our call over to Kate Krieger, Director of Investor Relations. 00:00:43.283 -- 00:00:46.588 Kate, with that, you can go ahead. Thank you. 00:00:46.588 -- 00:00:52.116 Good afternoon, everyone, and thanks for joining us on Yelp's first quarter 2026 earnings 00:00:52.116 -- 00:00:57.860 conference call. Joining me today are Yelp's Chief Executive Officer Jeremy Soppelman, 00:00:57.860 -- 00:01:03.588 Chief Financial Officer David Schwarzbach, and Chief Operating Officer Jed Nockman. 00:01:03.588 -- 00:01:08.195 We published this shareholder letter on our investor relations website and with the SEC 00:01:08.195 -- 00:01:10.558 and hope everyone had a chance to read it. 00:01:10.558 -- 00:01:14.183 We'll provide some brief opening co...