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.
Capital expenditures increased to $5.5 million in Q4 and $27.8 million for the full year, reflecting investments in growth and acquisitions.
Cash and short-term investments increased significantly to $429 million at quarter end from $40.2 million in prior quarter.
EPS for Q4 was $0.13, at the high end of guidance, up $0.05 year-over-year but down $0.02 sequentially.
Full year fiscal 2025 revenue was $1.84 billion, up 8.4% year-over-year, with operating margin of 14.2% and EPS of $0.47, both improved from prior year.
NSE segment revenue was $209.1 million, above midpoint guidance, up 14.8% year-over-year driven by data center ecosystem and aerospace and defense growth.
Operating margin for Q4 was 14.4%, also at the high end of guidance, up 350 basis points year-over-year but down 230 basis points sequentially.
OSP segment revenue was $81.4 million, above high end of guidance, up 16.6% year-over-year, driven by anticounterfeiting and other products.
Viavi Solutions reported Q4 fiscal 2025 revenue of $290.5 million, at the high end of guidance, up 15.3% year-over-year and 2% sequentially.
Dafinchi