Yelp and Glu Mobile released the earnings results from their first fiscal quarters after closing bell tonight. Yelp reported non-GAAP earnings of 10 cents per share on $118.5 million in revenue, a 55% year over year increase, for the first quarter. Analysts had been expecting the company to post earnings of 1 cent per share on $119.93 million in revenue for the quarter. In last year’s first quarter, Yelp reported losses of 4 cents per share on $76.4 million in revenue.

Yelp Inc Plunges, Glu Mobile Inc. Soars After Earnings

Glu Mobile reported non-GAAP earnings of 2 cents per share on $62.4 million in non-GAAP revenue, which was a 33% increase year over year and greatly beat management’s guidance. Analysts had been looking for losses of 1 cent per share on $51.71 million in revenue. In the same quarter a year ago, Glu Mobile reported earnings of 6 cents per share on $44.6 million in revenue.

Key metrics from Yelp’s earnings report

Yelp posted a net loss of 2 cents per share or $1.3 million. Compared to last year’s losses of 4 cents per share or $2.6 million. The company’s adjusted EBITDA increased 92% compared to last year to $16.3 million. Local ad revenue grew 51% year over year to $98.6 million, while brand advertising revenue fell 11% to $6.6 million. Other revenue grew 254% to $13.3 million, with Eat24 contributing about $5 million in revenue for the quarter.

Local ad accounts increased 43% to about 90,000, while cumulative reviews increased 36% to about 77 million. The company reported that 6 million reviews were contributed during the first quarter, which was a new record.

Yelp said the number of monthly mobile unique users increased 29% compared to last year’s first quarter, hitting about 79 million. The number of monthly desktop unique users fell 3% to about 80 million. The overall number of active monthly unique users increased 8% to about 142 million.

Management said they expect revenue for the second quarter to be between $131 million and $134 million, coming up short of the consensus estimate of $138.4 million. For the full fiscal year, Yelp projects revenue of between $574 million and $579 million, again missing the consensus estimate of $579.2 million. The company expects adjusted EBITDA of between $22 million and $24 million for the second quarter and between $102 million and $105 million for the full year.

Key metrics from Glu Mobile’s earnings report

Glu Mobile reported GAAP revenue of $69.5 million and adjusted EBITDA of $3.9 million. GAAP earnings were 1 cent per share or $1.1 million.The adjusted EBITDA significantly beat management’s guidance, coming in at 6.2%. GAAP gross margin fell from 69% last year to 59% this year.

Yelp Inc Plunges, Glu Mobile Inc. Soars After Earnings

Glu Mobile also raised its guidance for non-GAAP revenue. The game maker said it expects losses of between 5 cents and 3 cents per share for the second quarter, compared to the consensus estimate of losses of 2 cents per share.

Management expects second quarter revenue to be between $50 million and $52 million, which is ahead of the consensus estimate of $50.9 million for the quarter. For the full year, management expects earnings of between 20 cents and 24 cents per share, missing the consensus of 25 cents per share, and revenue of between $262 million and $287 million, compared to the consensus of $265.6 million.

Additionally, Glu Mobile announced an exclusive partnership with pop start Britney Spears for up to eight years and revealed a strategic relationship with Tencent.