Strong Growth in Multiple Sources of Revenue

Millions $90

$83.3M
Other Brand Local

$75

$60

$60.1M $47.7M

$45

$36.1M
$30

$25.8M

$15

$0 2009 2010 2011 1H 2011 1H 2012

Compelling Metrics

Cumulative Reviews
(in millions)

Unique Visitors
(in millions)

Paying Local Biz Accts1
(in thousands)

30.3M 54% y/y 51.6M 52% y/y

78.3M 113% y/y 31.7K

19.7M

14.9K

Q2 11
1

Q2 12

Q2 11

Q2 12

Q2 11

Q2 12

number of active local business accounts from which we recognized revenue during the 2st quarter of 2012

Investing Internationally
Q2 2012
~$33M

Launched 6 international markets in second quarter 2012 39 international markets total to date ~$15mm expected to be spent on int’l growth in 2012

$4.6M
$1.6mm
Revenue Adj. EBITDA

~$3mm investment in future growth with no revenue in Q2 2012 from international markets

See press release for a reconciliation of adjusted EBITDA to net income (loss).

Mobile Amplifies the Local Opportunity

of Yelp searches come from mobile devices

~40%

Used on an average of

mobile devices per month during Q2 2012

7M+

unique

a consumer generates directions to or calls a local business from the Yelp app

Every second

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