Prepared for Ariella L. | Delivered November 13, 2019
Review your project details
Provide information to support a new product idea related to Yep and Foursquare, that will allow for market sizing, financial model, and projected project revenue. Provide any spreadsheets or presentations used by Yelp or FourSquare to raise funds.
Yelp has approximately
visitors per month.
There are over
171 million reviews
contributed by Yelp users across all industries on the website.
of all consumers check reviews on Yelp before visiting a business.
Businesses that advertise on Yelp generate average annual revenues of over
$23,000 from the site
, and businesses with free listings also generate an
average of $8,000.
Yelp has a net revenue of
$244 million in 2018,
a net income of
EBITDA of $53 million
50 million monthly active users
by the end of 2018.
Foursquare is used by
of adult social media users, and
of those in the 18-24 year old age group.
Foursquare had a valuation of
at the end of 2018.