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Feb. 5, 2015, 7:53 p.m. EST

Yelp posts strong revenue increase

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By Josh Beckerman

Yelp Inc. swung to a profit in the fourth quarter, as average monthly unique visitors rose 13% to about 135 million, a growth rate that was below that of its past few quarters.

The San Francisco consumer-review website said average monthly mobile unique visitors increased 37% to about 72 million, and said it will "look to drive mobile engagement" this year.

For the current quarter, Yelp expects revenue of $114 million to $116 million. Analysts polled by Thomson Reuters project $115 million.

Yelp shares fell 9.7% to $51.90 in recent after-hours trading.

Yelp has been trying to expand its reach, launching websites in Chile and Hong Kong as well as a mobile service that allows users to translate reviews. During the fourth quarter, Yelp bought European review sites Restaurant-Kritik and Cityvox. Yelp now reaches 29 countries.

For the quarter ended Dec. 31, Yelp earned $32.7 million, or 42 cents a share, compared with a loss of $2.1 million, or three cents a share, a year earlier. Revenue rose 55.5% to $109.9 million.

Excluding items such as a tax benefit and stock-based compensation, Yelp earned 24 cents a share.

Yelp had projected revenue between $107 million and $108 million.

For the full year, Yelp expects revenue of $538 million to $543 million, compared with Wall Street estimates of $538 million. Yelp projects $100 million to $103 million in adjusted earnings before interest, taxes, depreciation and amortization.

Write to Josh Beckerman at josh.beckerman@wsj.com

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