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