Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
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) announces its Spring '23 Release, enhancing its Answers Platform for businesses to create and manage digital experiences. Key features include Studio, a no-code web editor; Content Generation, an automated content creation tool; and DAM Capabilities for managing digital assets. This release empowers organizations to optimize their presence across various platforms, including Apple Maps through a new integration. The company aims to level the digital playing field for businesses against larger competitors. A virtual event is scheduled for April 12th at 11:00 AM EST.
Yext, Inc. (NYSE: YEXT) has launched Studio, a no-code visual editor that enables both technical and non-technical users to build custom websites effortlessly. The Studio utilizes a drag-and-drop interface for developing React-based, statically generated web properties while ensuring SEO optimization. This tool aims to enhance collaboration among web teams by allowing users to modify content visually, with all changes tracked in a shared GitHub repository. Yext's President, Marc Ferrentino, emphasizes that Studio democratizes website creation, allowing users without technical expertise to build high-performing sites efficiently.
Yext has joined the MACH Alliance, an industry group promoting open technology ecosystems. This membership demonstrates Yext's compliance with the MACH standards: microservices-based, API-first, cloud-native SaaS, and headless architecture. The partnership allows Yext to enhance its Answers Platform, which offers integrative solutions for businesses to connect various digital experiences efficiently. With this certification, Yext aims to facilitate the shift from outdated systems to flexible, best-of-breed technologies.
Yext, Inc. reported its Q4 FY23 results, achieving revenue of $101.9 million, a 1% year-over-year increase. The full-year FY23 revenue reached $400.9 million, up 3%. The company reported a net loss of $7.8 million for Q4, improving from a loss of $23.1 million in Q4 FY22. Non-GAAP net income was $6.3 million versus a loss of $4.1 million a year earlier. Annual Recurring Revenue (ARR) rose 3% to $400 million, with customer count increasing 7% to over 2,960. Yext anticipates Q1 FY24 revenue between $98.0 million and $99.0 million and full-year revenue guidance of $402.0 million to $406.0 million.
Yext (NYSE: YEXT) announces participation in the 35th Annual Roth Conference on March 13, 2023. CEO
A live video and audio webcast can be accessed via the Yext Investor Relations website, with a replay available until March 12, 2024. Yext continues to empower organizations by providing authoritative answers through its innovative Answers Platform, enhancing customer engagement across various digital platforms.
Yext has unveiled new generative AI capabilities within its Knowledge Graph, aimed at automating and enhancing content creation processes for businesses. The feature will officially launch in March, following a successful year-long pilot with select customers. This innovation employs large language models, including GPT-3, to generate and suggest tailored content that aligns with a client's existing information and brand identity. Organizations can streamline creating various content types, from descriptions to blog posts, while maintaining quality control through a review workflow.
Yext, Inc. (NYSE: YEXT) has announced its Investor Day, scheduled for April 4, 2023, at its headquarters in New York City. Presentations will begin at 2:00 p.m. ET (11:00 a.m. PT), featuring insights from the executive leadership team about the company's strategy, vision, and financial objectives. A live Q&A session will follow. Interested attendees can register to attend in person or watch via live broadcast on the Yext Investor Relations website. A replay and supporting materials will be available post-event.
Yext, Inc. (NYSE: YEXT) will release its fourth quarter and full fiscal year 2023 results on March 7, 2023, after the market closes. The company will conduct a conference call at 5:00 p.m. ET to discuss these financial results with investors. A live webcast will be available on Yext's Investor Relations website. Interested parties can join the call via a dial-in number, with a replay available until March 14, 2023. Yext provides an Answers Platform that helps organizations manage and deliver business information effectively across digital platforms.
Yext has launched Yext Chat, an innovative product that allows organizations to create AI-powered conversational experiences using OpenAI's GPT-3. The product is available for closed beta testing, with a public release planned later this year.
Yext Chat leverages the Yext Knowledge Graph to ensure accurate and authoritative responses, setting it apart from general-purpose AI models which may provide unreliable information. This launch is part of Yext's ongoing integration of AI into its Answers Platform, enhancing customer interactions across various digital channels.
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