Yelp (NYSE: YELP) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Yelp beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP loss per share shrank.

Gross margins contracted, operating margins expanded, net margins grew.

Revenue details
 Yelp reported revenue of $55.0 million. The 22 analysts polled by S&P Capital IQ wanted to see revenue of $53.3 million on the same basis. GAAP reported sales were 69% higher than the prior-year quarter's $32.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.07. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. Non-GAAP EPS were $0.07 for Q2 against -$0.03 per share for the prior-year quarter. GAAP EPS were -$0.01 for Q2 versus -$0.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 92.7%, 30 basis points worse than the prior-year quarter. Operating margin was -1.1%, 480 basis points better than the prior-year quarter. Net margin was -1.6%, 450 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $57.4 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $220.0 million. The average EPS estimate is $0.16.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 65 members out of 321 rating the stock outperform, and 256 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Yelp a green thumbs-up, and 92 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yelp is outperform, with an average price target of $31.31.

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