Local business platform Yelp (NYSE: YELP) will be reporting earnings this Thursday after the bell. Here’s what investors should know.

Yelp beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $370.4 million, up 3.7% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year revenue guidance meeting analysts’ expectations.

Is Yelp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Yelp’s revenue to grow 2.2% year on year to $368.2 million, slowing from the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Yelp has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Yelp’s peers in the social networking segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Reddit delivered year-on-year revenue growth of 67.9%, beating analysts’ expectations by 6.3%, and Meta reported revenues up 26.2%, topping estimates by 3.4%. Reddit traded up 7.5% following the results while Meta was down 11.4%.

Read our full analysis of Reddit’s results here and Meta’s results here.

Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the social networking stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.7% on average over the last month. Yelp is down 4.4% during the same time and is heading into earnings with an average analyst price target of $34.78 (compared to the current share price of $31.38).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.