Yelp’s revenue and monthly unique visitors rose during its most recent quarter, but the site still reported a net loss as it funded expansion into new markets. The site, which provides information and crowdsourced reviews about local restaurants, entertainment and businesses, reported a net loss of US$5.32 million, or 8 cents per share, compared to a net loss of $9.1 million, or 56 cents per share, from the same time a year ago. Analysts had projected a loss of around 5 cents for its latest quarter.
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Investors Give Yelp Mixed Reviews