Yext Inc ( (YEXT) ) has released its Q3 earnings. Here is a breakdown of the information Yext Inc presented to its investors.
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Yext, Inc., headquartered in New York, is a prominent digital presence platform that aids multi-location brands in managing their online interactions through AI and machine learning technologies. The company focuses on delivering consistent digital experiences across various platforms, including SEO, websites, social media, and reputation management.
In its third quarter fiscal 2025 earnings report, Yext announced a revenue increase of 13% year-over-year, reaching $114 million, largely driven by the acquisition of Hearsay Systems. Despite a GAAP net loss of $12.8 million, the company reported a non-GAAP net income of $15.6 million and an adjusted EBITDA of $23.1 million, showcasing its ability to generate profit on a non-GAAP basis.
Key financial highlights from Yext’s earnings include a significant boost in its Annual Recurring Revenue (ARR), now totaling $441.8 million. The company’s strategic acquisition of Hearsay Systems has contributed positively, integrating enhanced social capabilities into its platform. Furthermore, Yext’s updated full-year outlook projects revenues between $420.3 million and $420.8 million, with an adjusted EBITDA ranging from $67 million to $67.5 million.
Looking ahead, Yext remains optimistic about its growth prospects, driven by increased interest in its offerings amidst the growing importance of fragmented search and generative AI. The management expresses confidence in sustaining top-line growth, further aided by the successful integration of Hearsay Systems and enhanced customer engagement tools.
