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  • flankenking flankenking Jul 15, 2013 2:39 PM Flag

    Yelp has only less more than double revenues, but the 69-fold market-cap of Local Corp

    Yelp Announces First Quarter 2013 Financial Results
    SAN FRANCISCO, May 1, 2013 /PRNewswire/ -- Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced financial results for the first quarter ended March 31, 2013.
    • Net revenue was $46.1 million in the first quarter of 2013
    • Adjusted EBITDA for the first quarter of 2013 was $3.2 million

    Local Corporation Reports First Quarter 2013 Financial Results
    • Revenue – First quarter 2013 revenue of $21.8 million
    • Adjusted EBITDA – The company reported positive Adjusted EBITDA for the first quarter 2013 of $605,000

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