Facebook and Google are destroying Yelp and Angie’s List in revenue and at this pace, they will shut both these companies down. Google and Facebook are enjoying a great amount of net income coming in. Yelp and Angie’s List, on the other hand, are not.
A LITTLE INFORMATION ON YELP AND ANGIE’S LIST
I am 100 percent positive that over 90 percent of the world knows what Google and Facebook are. However, Yelp and Angie’s List are not as well known. They are both primarily known for crowd-sourced business reviews. This allows users to look up a review on a certain business to see if they offer good products. However, the problem for these two businesses is they can not even hold a candle to the amount of revenue Google and Facebook are bringing in.
2015 REVENUE FOR GOOGLE
Market Watch has all of the revenue numbers for major companies. 2015 has been a tremendous year for Google, without a doubt. In the first quarter of this year, their net income was $3.59 billion. That is a hefty amount, but they continued to get better. In the second quarter, their net income was $3.93 billion. As you would expect, that number increased again for the third quarter. Their net income for the third quarter of 2015 was $3.98 billion. Google just continues to get better and better.
2015 REVENUE FOR FACEBOOK
The other major company that is on pace to obliterate Yelp and Angie’s List and put them out of business is Facebook. Facebook is not making quite the revenue that Google is, but they are making a lot. In the first quarter of 2015, their net income was $509 million. This was actually down from the previous two quarters before that. However, the next two quarters they rebounded in a big way. The second quarter brought them $715 million of net income and the third quarter saw that number rise to $891 million.
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2015 REVENUE FOR ANGIE’S LIST
This is when you will start to realize how overmatched and hopeless these companies are against Google and Facebook. In the first quarter of the year, Angie’s List actually made $4.36 million in net income. However, it turned around from there. The second quarter actually saw them lose $8.35 million. The only good news is in the third quarter they got themselves out of the red numbers with $82,000 in net income.
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2015 REVENUE FOR YELP
Now we turn to the company that is in the biggest trouble as we speak. Yelp is trending in the wrong direction. Since the fourth quarter of 2014 in which they had $32.73 million in net income, money has been lost. The first two quarters of 2015 saw them losing $1.28 million and $1.31 million in net income respectively. However, the third quarter was even worse. They actually ended up losing $8.08 million in net income. This is not good as they have been in the red the entire 2015 year.
REVENUE SHOWS YELP AND ANGIE’S LIST ARE IN TROUBLE
This revenue amount is very eye opening. Nobody would expect these two companies to be able to keep up with Facebook or Google, but they are barely making money right now. Not only that, but one can find reviews on Google and Facebook respectively. Yelp and Angie’s List are beginning to need a miracle to stay relevant in the world. Revenue needs to be turned around soon for them because if they continue their current trend, then they will be in deep trouble.
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