The company reported a net loss attributable to common stockholders of $8.1 million, or 11 cents per share, for the quarter ended September 30, compared with a profit of $3.6 million, or 5 cents per share, a year earlier.
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Yelp also gave a top-line projection for its current quarter, saying it sees revenue of $149.5 million to $154.5 million, compared with an analysts’ projection of $152 million, according to Thomson Reuters.
The average estimate among 181 Estimize users was for a loss of $0.08 per share and revenue of $141.40 million. Yelp posted losses of 3 cents per share on revenue of $143.6 million.
Yelp did offer guidance ahead, for both the fourth quarter and for the full fiscal year 2015. Shares of Yelp rose 7% in after-hours trading on Wednesday, after ending the regular session down 3.6%. Stock-based compensation is expected to be in the range of $16 million to $17 million, and depreciation and amortization is expected to be 5%-6% of revenue.
Meanwhile, the number of visitors that accessed the site through a desktop computer fell 2% from the year earlier to about 79 million, roughly the number it reported in the second quarter. App Unique Devices increased 39% to about 20 million on a monthly average basis.
Local ad revenue was $115.9 million for the quarter, which reflects 36 percent growth vs. a year ago. Stock-based compensation is expected to be in the range of $61 million to $63 million, and depreciation and amortization is expected to be 5%-6% of revenue. Also, it said, transactions more than doubled from the year earlier, while the number of page views rose 40%.
Adjusted EBITDA for the quarter dropped to $12.5 million from $20.1 million.
The bulk of the costs in the latest period, company executives said, were tied to a national advertising campaign that was launched during the quarter and higher-than-projected hiring of local sales representatives.
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We are pleased with our 40% year over year revenue growth. We believe that our highly engaging app, combined with our native local advertising products that generate high ROI for our customers, strongly positions us to capture the large market opportunity. In the final minutes of trading on Wednesday, shares hit $22.07, a decrease of 63 percent in the last 12 months.
