Yelp has reported its first profits since going public

Consumer review site Yelp.com beat analyst expectations when it reported earnings on Wednesday, showing strong revenue growth and a turn to profitability. Yelp reported $89 million in revenue for the second quarter, an increase of 61% from the same period last year, beating analyst estimates of $86 million. Net income was $2.7 million or 4 cents per share, compared with a loss of $878 million in the second quarter of 2013. “We delivered great results this quarter,” Jeremy Stoppelman, Yelp’s chief executive officer, said in a statement. “We also became profitable for the first time as a public company.”.