Yelp Posts Wider Quarterly Loss


Yelp Inc (NYSE:YELP), operator of a consumer reviews website, reported a wider quarterly loss as it spent more on marketing.

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Yelp's net loss widened to $2.3 million, or 4 cents per share, in the third quarter, from $2.0 million, or 3 cents per share, a year earlier.

Revenue rose 68 percent to $61.2 million.

Sales and marketing costs rose 60 percent to $34.1 million.