Yelp Inc. (YELP) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.632 Good afternoon, everyone, and thanks for joining us on Yelp's fourth quarter and full 00:00:03.632 -- 00:00:05.392 year 2024 earnings 00:00:05.392 -- 00:00:10.774 conference call. Joining me today are Yelp's Chief Executive Officer Jeremy Sappelman, 00:00:10.774 -- 00:00:15.775 Chief Financial Officer David Schwarzbach, and Chief Operating Officer Jed Nachman. 00:00:15.775 -- 00:00:19.876 We published a shareholder letter on our investor relations website and with the SEC 00:00:19.876 -- 00:00:21.616 and hope everyone had a chance to read it. 00:00:21.616 -- 00:00:25.281 We'll provide some brief opening comments and then turn to your questions. 00:00:25.281 -- 00:00:28.764 Now I'll read our safe harbor statement. We'll make certain statements today that are 00:00:28.764 -- 00:00:32.646 forward-looking and involve a number of risks and uncertainties that could cause actual 00:00:32.646 -- 00:00:37.690 results to differ materially. Please note that these forward-looking statements reflect 00:00:37.690 -- 00:00:42.233 our opinions only as of the date of this call, and we undertake no obligation to revise 00:00:42.233 -- 00:00:46.236 or publicly release the results of any revision to these forward-looking statements in 00:00:46.236 -- 00:00:49.358 light of new information or future events. 00:00:49.358 -- 00:00:53.401 In addition, we are subject to a number of risks, and they significantly impact our business 00:00:53.401 -- 00:00:58.034 and financial results. Please refer to our SEC filings as well as our shareholder letter 00:00:58.034 -- 00:01:02.495 for a more detailed description of the risk factors that may affect our results. 00:01:02.495 -- 00:01:06.956 During our call today, we may discuss adjusted EBITDA, adjusted EBITDA marg...