Yelp Inc. (YELP) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.876 Thank you for standing by. At this time, I would like to welcome everyone to today's 00:00:03.876 -- 00:00:08.902 Q4 2025 Yelp Incorporated Earnings Conference call. 00:00:08.902 -- 00:00:12.347 All lines have been placed on mute to prevent any background noise. 00:00:12.347 -- 00:00:15.951 After the speaker's remarks, there will be a question and answer session. 00:00:15.951 -- 00:00:19.536 If you'd like to ask a question during this time, simply press star followed by the number 00:00:19.536 -- 00:00:22.680 one on your telephone keypad. Once again, star one. 00:00:22.680 -- 00:00:26.144 And if you'd like to withdraw your question, simply press star one again. 00:00:26.144 -- 00:00:30.153 Thank you. And I would now like to turn the call over to Josh Willis. 00:00:30.153 -- 00:00:33.677 Investor Relations Manager, Josh. 00:00:33.677 -- 00:00:37.581 Good afternoon, everyone, and thank you for joining us on Yelp's fourth quarter and full 00:00:37.581 -- 00:00:42.887 year 2025 earnings conference call. Joining me today are Yelp's Chief Executive 00:00:42.887 -- 00:00:47.953 Officer, Jeremy Stoppelman, Chief Financial Officer, David Schwarzbach, and Chief 00:00:47.953 -- 00:00:52.077 Operating Officer, Jed Nockman. We've published a shareholder letter on our Investor 00:00:52.077 -- 00:00:56.102 Relations website and with the SEC and hope everyone had a chance to read it. 00:00:56.102 -- 00:00:59.836 We'll provide some brief opening comments and then turn to your questions. 00:00:59.836 -- 00:01:02.640 Now, I'll read our safe harbor statement. 00:01:02.640 -- 00:01:05.804 We'll make certain statements today that are forward-looking and involve a number of 00:01:05.804 -- 00:01:10.130 risks and uncertainties that could cause actual resu...