Internet company Yelp (NYSE:YELP) managed to narrow its losses, but analysts expected more from its just-released Q4 and 2012 results.
For the quarter, net revenue grew by 65% on a year-over-year basis to $41 million. Losses came in at $5.3 million ($0.08 per diluted share), a better showing than in Q4 2011, when the company lost $9.0 million.
However, the average analyst estimate for the bottom line was a loss of only $0.04 per share, on revenue of $40 million.
For the full year, the company's top line also grew by 65% (to $138 million), while its loss deepened to $19 million from 2011's $17 million.
The company also issued guidance for future periods. It expects around $44.0 million to $44.5 million in net revenue this quarter, and adjusted EBITDA of $1.25 million to $1.50 million. The former broadly met analyst expectations, although the latter is below the $2.5 million the market had been anticipating.
Yelp is projecting $210 million to $212 million in revenue and adjusted EBITDA of $20 million to $22 million for fiscal 2013. Analysts had been expecting $207 million and $20.6 million, respectively.
Fool contributor Eric Volkman and The Motley Fool have no position in Yelp. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.