Yelp Inc. (YELP) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Yelp Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.051 -- 00:00:02.772 Thank you for joining us. 00:00:25.977 -- 00:00:30.108 On the consumer side of our business, we saw encouraging traffic trends in the quarter 00:00:30.108 -- 00:00:33.487 with improvements in app installs and page views. 00:00:33.487 -- 00:00:38.708 Moving to our product initiatives, we have reconceived how consumers and businesses connect 00:00:38.708 -- 00:00:43.430 on Yelp through a conversational experience that provides answers and enables actions. 00:00:43.430 -- 00:00:48.431 Central to this updated experience, the new Yelp Assistant, which works across all categories, 00:00:48.431 -- 00:00:51.892 demonstrated early positive signs in user engagement. 00:00:51.892 -- 00:00:56.673 In services categories specifically, Yelp Assistant has been an important driver of project 00:00:56.673 -- 00:01:01.355 submissions and monetization, contributing to overall project growth of approximately 00:01:01.355 -- 00:01:03.713 10% year over year. 00:01:03.713 -- 00:01:08.715 We are delivering AI tools that help service pros and other local businesses grow, operate 00:01:08.715 -- 00:01:13.918 and succeed. For advertisers, we improved our advertising technology and ad formats. 00:01:13.918 -- 00:01:19.160 We also directed leads acquired via paid search to multi location services advertisers, 00:01:19.160 -- 00:01:23.503 which contributed to substantial budget growth from these customers over the first half 00:01:23.503 -- 00:01:28.703 of the year. Our team continued to scale Yelp Host, our AI-powered call answering 00:01:28.703 -- 00:01:33.987 service for restaurants, which reached an annual run rate of 2.4 million calls handled 00:01:33.987 -- 00:01:39.311 in July, more than tripling from January. We recently rolled out a number of updates 00...