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Yext, Inc. (symbol: YEXT) is a leading global digital location management (DLM) company headquartered in New York City. Yext specializes in helping over 500,000 business locations connect with mobile consumers through an extensive network of more than 100 app, map, directory, search engine, and social media partners, including Apple, Bing, Facebook, Foursquare, Yahoo, and Yelp.
Yext's mission is to empower the world's 50 million businesses to harness the power of location data and drive both face-to-face and digital interactions. This leads to enhanced customer engagement, audience building, and increased sales. The company achieves this through three core product offerings: PowerListings®, Pages, and Xone™.
Aside from its impressive client base, Yext's knowledge engine platform allows businesses to manage their digital knowledge in the cloud. This digital knowledge is structured information that businesses want to make publicly accessible and is synced across nearly 200 services, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.
Yext makes search intelligent by offering precise, accurate, and up-to-date answers to location-based queries, whether they're conducted online, via mobile apps, or through voice and AI engines. The company derives the majority of its revenue from subscription services, with a significant portion coming from North America and the remainder from international markets.
The company's achievements and accolades include being recognized as one of America’s fastest-growing companies by Inc. 500 (#212 in 2015), one of Forbes' most promising companies (2014 & 2015), and one of Fortune's best places to work (2014 & 2015). Yext's team has grown to over 400 employees worldwide, reflecting its rapid expansion and innovative culture.
Stay updated on the latest news and developments of Yext, Inc. to see how this industry leader continues to evolve and influence the digital landscape.
Yext (NYSE: YEXT) reported its Q3 fiscal 2025 results with revenue of $114.0 million, marking a 13% year-over-year increase, primarily driven by the Hearsay Systems integration. The company posted a GAAP net loss of $12.8 million ($0.10 per share) but achieved non-GAAP net income of $15.6 million ($0.12 per share). Total ARR grew to $441.8 million, and the company updated its full-year outlook to revenue between $420.3-420.8 million with Adjusted EBITDA of $67.0-67.5 million.
The company reported strong operating efficiencies and margin improvements, with Adjusted EBITDA reaching $23.1 million. Management highlighted successful integration progress with Hearsay Systems and increased platform interest amid evolving search and generative AI trends.
Yext (NYSE: YEXT) has announced it will release its third quarter fiscal year 2025 financial results on Monday, December 9, 2024, after market close. The company will host a conference call at 5:00 p.m. ET to discuss results with investors. A live webcast will be available on Yext's Investor Relations website, along with domestic and international dial-in options. A replay will be accessible until December 16, 2024.
Yext, Inc. (NYSE: YEXT) has launched an expanded AI Review Generation solution for multi-location enterprises. This tool enables businesses to request and manage reviews across over 80 supported review sites, including Google and Facebook, alongside their own channels. The feature streamlines collection, management, and response workflows within a single platform, simplifying online reputation management.
Key features include:
- Customizable review invitations
- Review generation URLs
- Tailored settings for specific goals
- In-platform analytics
With 71% of customers considering reviews important for brand trust, this solution helps businesses increase review volume, improve discoverability, elevate star ratings, and foster stronger customer connections. The expanded capabilities complement Yext's recent launch of Yext Social, reinforcing its position in AI-driven reputation management solutions.
Yext, Inc. (NYSE: YEXT) has launched Yext Social, an AI-powered social media management tool designed for multi-location brands. This new solution enables brands to manage their local and corporate social media presence globally through a single platform. Key features include:
1. AI-driven content creation for personalized, locally-relevant posts
2. Unified platform for managing corporate and local social accounts
3. Advanced analytics for tracking engagement and optimizing strategies
Yext Social builds on the company's recent acquisition of Hearsay Systems, expanding its digital presence platform capabilities. The tool aims to simplify content creation, optimize engagement, and deliver actionable insights for brands managing their social media presence at scale.
Yext (NYSE: YEXT) announced its Q2 fiscal 2025 results, reporting revenue of $97.9 million and a net loss of $4.1 million ($0.03 per share). The company achieved non-GAAP net income of $6.8 million ($0.05 per share) and Adjusted EBITDA of $9.8 million. Direct ARR slightly increased to $313.4 million from $312.1 million in Q1. Yext adjusted its full-year outlook to $420.0-$421.0 million in Revenue and $66.0-$67.0 million in Adjusted EBITDA. The company completed its acquisition of Hearsay Systems on August 1, strengthening its position as the only end-to-end digital presence platform in the market.
Yext, Inc. (NYSE: YEXT), a leading digital presence platform for multi-location brands, has announced the release date for its second quarter fiscal year 2025 financial results. The results will be unveiled on Wednesday, September 4, 2024, after market close. Following the release, Yext will host a conference call at 5:00 p.m. (ET) / 2:00 p.m. (PT) to discuss the financial results with the investment community.
Interested parties can access a live webcast of the event on the Yext Investor Relations website. For those preferring a dial-in option, domestic callers can use (877) 883-0383, while international callers can dial (412) 902-6506, using the passcode 4416497. A replay will be available until September 11, 2024.
Yext (NYSE: YEXT), a leader in digital presence management, has completed its acquisition of Hearsay Systems, a global leader in digital client engagement for financial services. This integration aims to create the industry's first end-to-end digital presence platform, combining Yext's cutting-edge digital presence capabilities with Hearsay's compliance-driven engagement solutions across various channels.
According to Michael Walrath, CEO of Yext, this acquisition will enable brands to connect seamlessly with customers, accelerate innovation, and drive growth. Hearsay's solutions will help expand reach, optimize interactions, and ensure compliance. The combined platform will provide robust CRM integration, including with Salesforce, to enhance customer journey insights and automate workflows. The acquisition marks a pivotal moment for Yext, poised to set a new standard in the industry.
Yext (NYSE: YEXT) has elected Mark Davis to its Board of Directors, effective immediately. Davis, a seasoned executive with nearly four decades of expertise in auditing, accounting, and finance, will also join the audit committee. His extensive career includes advising Fortune 500 companies, privately held firms, and pre-IPO entities, with a notable history of guiding over 50 clients through IPOs and advising on corporate governance and acquisition strategies. CEO Michael Walrath expressed confidence in Davis's ability to contribute to Yext's mission of delivering long-term value. Davis's experience with Deloitte, particularly in the Emerging Growth Company sector and Deloitte Private, positions him as a valuable asset for Yext's continued growth and innovation.
Yext (NYSE: YEXT) has announced its first-quarter fiscal 2025 results, covering the period ending April 30, 2024. The company, a leader in digital presence for multi-location brands, reported its earnings and hosted a conference call to discuss financial outcomes on June 10, 2024. The earnings call was accessible via webcast and provided dial-in options for both domestic and international participants. A replay of the call will be available until June 17, 2024.
Yext (NYSE: YEXT) has announced a definitive agreement to acquire Hearsay Systems for $125 million, with an additional $95 million contingent on performance targets. This acquisition aims to integrate Hearsay's digital client engagement solutions with Yext's digital presence management platform, creating a unified digital marketing platform for financial services. The combined platform will enhance customer engagement, compliance, and performance across various channels, including social media, websites, text, and voice. The transaction is expected to close in the second half of Yext's fiscal year 2025, ending January 31, 2025. This strategic move is poised to bring immediate value to regulated customers and expand the solution set to other industries.
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