Yelp Results Presentation Deck

$550 2015 Strong financial performance Total net revenue (mm) $713 2016 $855- 865 2017E $69 2015 Adjusted EBITDA* (mm) $120 2016 wwwwwww $143- 153 2017E * See slide 22 for reconciliation to GAAP net income (loss) for the periods presented and for information about the limitations of adjusted EBITDA as an analytical tool. 18

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