Yelp is rolling out AI-powered updates, including Yelp Assistant, which is progressing towards full category launch.
Yelp Assistant's project flow increased by over 400% year-over-year, indicating strong user engagement and momentum.
Early testing of Yelp Host, an AI call answering service for restaurants, shows promising results, with plans to test Yelp Receptionist later in the year.
Management emphasizes the importance of expanding AI features to logged-out users to increase overall engagement and stickiness.
Yelp is integrating AI into multiple touchpoints to transform consumer interaction and improve service pro management.
The company sees AI as a key driver for future growth, aiming to make local business connections more seamless and efficient.
Adjusted EBITDA rose 10% year-over-year to $100 million, with a 27% margin, surpassing the high end of guidance by $11 million.
Average cost per click (CPC) increased 11% year-over-year, driven by higher services demand and fewer overall clicks.
Net income increased by 16% year-over-year to $44 million, representing a 12% margin and $0.67 earnings per share on a diluted basis.
Paying advertising locations decreased 3% year-over-year to 515,000, and ad clicks declined 7% due to macro pressures and increased competition.
Services revenue grew 8% year-over-year to a quarterly record $241 million, while Restaurants, Retail & Other (RR&O) revenue declined 5% to $113 million.
Yelp reported record net revenue of $370 million in Q2 2025, a 4% year-over-year increase, exceeding the high end of their outlook by $3 million.
AI-Driven Business Transformation and Market Impact
Appian highlighted the significant role of AI in transforming their platform, providing data access, structure, guardrails, and tracking to enable AI to solve complex business problems.
The company reported a 25% upcharge on deals incorporating AI, indicating a premium for AI-enabled solutions.
Examples include AI automating supply chain logistics for a grocery retailer and accelerating customer request processing for a global asset management firm, demonstrating tangible business benefits.
Appian sees AI as a key growth driver, with pipeline expansion driven by AI's ability to create more value and open new industry opportunities.
Management emphasized that AI enhances their value proposition and pipeline more than just revenue, positioning AI as a strategic advantage.
The company believes AI will lower modernization costs and facilitate application translation, fueling industry growth in application modernization.
Bandwidth's investments in AI voice are translating into customer adoption, with new $1 million-plus multiyear deals.
Platforms like Maestro and AI Bridge are enabling enterprises to integrate AI voice into customer call flows.
Major clients in financial services, healthcare, and hospitality are leveraging these AI capabilities.
AI is not replacing voice but enriching it, potentially increasing revenue 3x to 4x per call through added services like transcription, fraud detection, and orchestration.
Every new enterprise win this quarter included Maestro, emphasizing its role as a core differentiator and revenue driver.
Pinterest's AI-Driven Visual Search and Personalization Strategy
Pinterest has launched a multimodal AI model that improves visual search relevancy by 30% over off-the-shelf models, currently live for women's fashion.
The company has introduced a proprietary generative retrieval model trained on user activity and the taste graph, enhancing personalized content recommendations.
AI integration across Pinterest's platform has resulted in a 230 basis point lift in search fulfillment rate year-to-date, indicating more relevant search results.
Pinterest leverages large language models to process complex conversational queries, improving content recommendations and user engagement.
The company views itself as an AI-enabled shopping assistant, deeply embedding AI into its core operations to meet user needs.
Dafinchi