Yelp announced its second-quarter earnings on Wednesday, and the results were better than expected. Net revenue was $88.8 million in the second quarter, which is up 61% from the same quarter last year. That beat analyst expectations of $86.32 million. Net income was $2.7 million, or $0.04 per share. That's compared with a loss of $878,000 in the same quarter last year.

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