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) has announced a partnership with Snowflake to enhance analytics functionality on its platform. This collaboration aims to provide customers with deeper insights into user behavior, utilizing Snowflake’s data cloud for improved data sharing and access to analytics. The partnership was showcased at the Snowflake Summit held from June 13-16, 2022, in Las Vegas. Yext's focus on analytics aligns with its mission to deliver authoritative answers across various platforms. This partnership is expected to drive better user experiences through advanced data insights.
Yext has partnered with what3words to enhance location management for its customers. This collaboration allows businesses to utilize unique three-word addresses, improving customer navigation to precise locations. Notably, Yext integrates with over 100 million listings and processes more than a billion updates annually through major platforms like Google and Apple Maps. The partnership aims to differentiate brands in a competitive digital space by providing exact address details. Yext continues to lead in the Local Listings Management category, demonstrating its commitment to innovation.
Yext reported a 7% year-over-year revenue increase to $98.8 million for Q1 fiscal 2023, with a customer count rise of 11% to over 2,830. Annual recurring revenue (ARR) also improved by 5% to $387 million. Despite a net loss of $25.8 million (up from $17.6 million), cash and equivalents stood at $248 million, with unearned revenue at $196 million. Yext launched a $100 million share repurchase program and provided guidance for Q2 and full-year 2023 revenue ranging between $399.3 million to $403.3 million.
Yext, Inc. (NYSE: YEXT) has partnered with Casio Computer Co., Ltd. to enhance Casio's eCommerce sites across Japan, Malaysia, and Singapore using Yext eCommerce Search. Following initial success, Casio plans to implement Yext as a standard for all global websites. Key outcomes include a 3x higher conversion rate for users who utilize Yext's search and a 6% increase in average order value. The project aims to improve customer experience and sales, with future expansions planned across APAC, EMEA, and North America.
A Yext survey reveals that 73% of consumers are unlikely to revisit businesses with inaccurate hours. The survey of over 1,000 U.S. consumers found that 44% visited closed stores due to this issue. An analysis of 2.4 million business locations showed that only 8.6% updated their hours for Memorial Day 2021. Yext emphasizes the importance of accurate business information, especially during holidays, as 52% of surveyed consumers feel uncertain about businesses with outdated hours. Yext offers solutions to improve listing accuracy across various platforms.
Yext, Inc. (NYSE: YEXT) announced that its first quarter fiscal year 2023 results will be disclosed on June 8, 2022, after the market closes. A conference call is scheduled for 4:30 p.m. (ET) to discuss these results with investors. A live webcast of the event will be available on the Yext Investor Relations website. The company aims to enhance the ability of organizations to provide authoritative answers through its Answers Platform, supporting brands and governmental organizations worldwide.
Yext, Inc. (NYSE: YEXT) announced its Spring '22 Release, enhancing platform functionality with new features aimed at improving user efficiency. Key updates include an improved navigation system, new Google sync settings for better listing management, and a drag-and-drop interface for customizing search results. The update also introduces the 'Nebula' algorithm for improved search functionality and multi-language support. These enhancements aim to empower businesses to deliver exceptional digital experiences.
Yext, the Answers Company, has been recognized as the #1 provider in the Local Listings Management category on G2 for the seventh consecutive quarter. This accolade is attributed to positive customer reviews highlighting Yext's expansive publisher network, real-time profile updates, and user-friendly interface. The company pushes over a billion updates annually and integrates with over 100 million listings across major platforms like Google and Amazon Alexa. Recent product updates introduced new features, improving customer service and user experience.
Yext has been recognized as a top software provider in G2's 2022 Best Software Awards, earning accolades in three categories: Analytics and AI, Commerce, and Marketing and Digital Advertising. This marks Yext's debut on the G2 Best Software lists, yet the company has consistently received high ratings in quarterly reports, being named a Leader in 23 reports, including ranking #1 in 11. Yext's President emphasized the company's commitment to enhancing customer experiences and its innovative Support Answers solution has gained traction.
Yext, Inc. (NYSE: YEXT) announced that its AI-based search solution, Support Answers, has received the KCS v6 Aligned designation from the KCS Academy for its effectiveness in implementing KCS best practices. This recognition signals Yext's commitment to enhancing customer support through improved content findability and self-service options. The KCS designation reflects the platform's robust natural language processing capabilities. A digital event, 'KM Outcomes: Findability vs. Discoverability', hosted by Yext's industry head Joe Jorczak, is scheduled for April 28, 2022.
FAQ
What is the current stock price of Yext (YEXT)?
What is the market cap of Yext (YEXT)?
What is Yext, Inc. known for?
What products does Yext offer?
How does Yext's platform benefit businesses?
What partners does Yext work with?
Where is Yext headquartered?
How does Yext generate its revenue?
What recognition has Yext received?
How many employees does Yext have?
What is digital knowledge management?
How does Yext enhance search capabilities?
