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Yelp revenue rises 40 percent, CFO to step down

Reuters
The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March 5, 2015. REUTERS/Jim Young

(Reuters) - Consumer review website operator Yelp Inc reported a 40 percent rise in quarterly revenue and said Chief Financial Officer Rob Krolik would step down.

The company reported a net loss of $22.2 million, or 29 cents per share, attributable to common stockholders for the fourth quarter ended Dec. 31, compared with a profit of $32.7 million, or 42 cents per share, a year earlier.

Revenue rose to $153.7 million from $109.9 million.

(Reporting by Alan John Koshy in Bengaluru; Editing by Anil D'Silva)