Fall 2026
Updated on 8/20/2026
Local business discovery via user reviews
$18 - $21/hr
Long Island, New York, USA
Hybrid
Must reside in Long Island throughout the internship; schedule is 10–19 hours per week Monday through Friday, with potential weekend work.
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Yelp runs an online platform that helps people find and choose local businesses by collecting and displaying user reviews and ratings from readers. It covers restaurants, bars, salons, doctors and other services, and works as a local search and discovery service. Users search for categories, read reviews, compare options, and can make reservations or join waitlists for restaurants. Yelp makes money mainly from advertising to local businesses—enhanced profiles, sponsored listings, and targeted ads—and also collects transaction fees from its reservation system. The differences from competitors include a strong emphasis on peer-generated reviews and a broad local directory with integrated reservation features, giving businesses a way to reach nearby customers. The goal is to help people make informed local decisions and connect them with relevant service providers while generating revenue from advertising and reservation-related services.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2004
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Health Insurance
Vision Insurance
Dental Insurance
Health Savings Account/Flexible Spending Account
Remote Work Options
Paid Vacation
Paid Holidays
Parental Leave
Wellness Program
Home Office Stipend
401(k) Retirement Plan
Employee Stock Purchase Plan
Company Equity
Yelp announced that its AI-powered phone service, Yelp Host, can now handle conversational food ordering for restaurants. The service connects directly to point-of-sale systems like Toast or Square to place orders and process transactions. The expanded service includes customisable voices and accents, support for 17 languages, and reporting tools for tracking metrics such as after-hours call volume. Yelp Host also integrates with OpenTable, allowing the AI to check availability and book tables without human intervention. The expansion comes as Yelp's traditional advertising revenue stagnates. Net revenue increased just 1% year over year to $361 million in Q1 2026, following 4% growth in 2025. Restaurant advertising dropped 11% last quarter as diners reduced discretionary spending.
Yelp is licensing reviews, photos and business information to OpenAI, giving ChatGPT access to real-time local recommendation data, the company announced. ChatGPT will surface Yelp reviews, ratings, photos and business details in response to user queries, with Yelp's branding and links appearing when OpenAI uses its content. Yelp's "Request a Quote" feature will also be added, allowing ChatGPT users to contact local service providers directly. The companies declined to disclose financial terms of the deal, which does not prevent Yelp from making similar agreements with other AI companies. "If you want to answer local queries, you really need Yelp," said CEO Jeremy Stoppelman. Yelp already supplies data to Yahoo+ and Apple Maps, treating ChatGPT as another distribution platform rather than a competitor.
Yelp shares have declined 14% over the past month and 23% year-to-date, with total shareholder returns negative across one, three and five-year periods. The stock closed at $23.25, trading below both analyst price targets and an estimated intrinsic value of approximately $30.82, suggesting potential undervaluation of 24.6%. The company is developing new AI-driven revenue streams, including search API licensing that has generated a $10 million run-rate. However, the business faces headwinds from softer advertising demand and rising competition in search, which could pressure traffic and monetisation. Analysts highlight the tension between high-margin AI opportunities and competitive risks as investors assess whether the recent weakness represents a buying opportunity or reflects concerns about future growth.
Yelp reported mixed first-quarter results, with revenue of $361.5 million beating analyst estimates by 2.2% despite flat year-on-year growth. The company's adjusted EBITDA of $79.35 million significantly exceeded expectations, beating by 28.3%. However, management maintained cautious full-year guidance, citing macroeconomic pressures affecting local businesses. CEO Jeremy Stoppelman noted that local businesses face a challenging economic environment, particularly impacting advertising budgets in consumer-dependent categories. Key analyst questions focused on the company's conservative outlook despite strong quarterly performance, anticipated EBITDA margin expansion driven by AI offerings, and early traction from Yelp Assistant, which now generates 15% of Request-A-Quote projects. Details regarding the OpenAI partnership remain undetermined, with implementation and revenue impact still under development.
Yelp reported first-quarter revenue of $361.5 million, exceeding analyst estimates of $353.7 million but remaining flat year-on-year. The local business platform's GAAP earnings of $0.30 per share beat consensus estimates by 13.8%. The company reaffirmed its full-year revenue guidance of $1.47 billion at the midpoint, in line with analyst expectations. However, EBITDA guidance of $320 million came in slightly below estimates of $322.4 million. Yelp's adjusted EBITDA of $79.35 million significantly exceeded analyst estimates by 28.3%. CEO Jeremy Stoppelman noted the company "continued to accelerate Yelp's AI transformation" during the quarter. Analysts expect revenue to remain flat over the next 12 months, representing a deceleration from its 6.1% compound annual growth rate over the past three years.