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Surprise! Yelp Posts First Quarterly Profit.

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

Yelp’s second-quarter earnings results are in and there’s a surprise: Actual earnings, for the first time in its two-year history as a public company. The online reviews company posted net earnings of $2.7 million, or four cents per share, on nearly $88.8 million in revenue. Analysts, on average, were expecting a loss of three cents per share on revenue of $86 million.

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