Yelp Investor Presentation Deck

4) Align capital allocation with shareholder value creation Strong profitability and balance sheet allow robust capital return plan Existing $250 million authorization planned to be completed in 1H 2019 Share repurchase authorization increased from $250 million to $500 million in 1Q 2019 $200M Authorized July 2017 $250M Authorized November 2018 $250M Authorized February 2019 Completed as of May 9, 2019 $700M Total repurchase authorization 14

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