Yelp's quarterly loss narrows on strength in local ad business

Wed May 1, 2013 4:11pm EDT

May 1 (Reuters) - Consumer review website Yelp Inc posted a narrower quarterly loss, helped by strength in its local advertising businesses.

Net loss narrowed to $4.8 million, or 8 cents per share, in the first quarter, from $9.8 million, or 31 cents per share, a year earlier.

Revenue rose about 68 percent to $46.1 million.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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