Online review site Yelp’s profit reportedly soared sixfold in its third financial quarter following the company’s implementation of a new tax adjustment.
Following guidance from the Internal Revenue Service, Yelp was able to push its profit up by 539% year-over-year in Q3.
The company also experienced a 12% revenue surge during Q3.
However, the one-time adjustment isn’t expected to change Yelp’s long-term outlook.
