Yext, Inc. Reports Third Quarter Fiscal 2025 Financial Results
Yext, Inc. (NYSE:YEXT), a leader in digital presence platforms for multi-location brands, announced its financial results for the third quarter ending October 31, 2024.
Key Financial Metrics
| Financial Metric | Q3 FY 2025 | Change YoY |
|---|---|---|
| Total Revenue | $114.0 million | Up 13% |
| GAAP Net Loss | ($12.8 million) | - |
| GAAP Earnings per Share (EPS) | ($0.10) | - |
| Non-GAAP Net Income | $15.6 million | - |
| Non-GAAP EPS | $0.12 | - |
| Adjusted EBITDA | $23.1 million | - |
| Total Annual Recurring Revenue (ARR) | $441.8 million | - |
Interpretation: Yext showed a strong year-over-year revenue increase of 13%, driven mainly by the integration of Hearsay Systems. Despite a GAAP net loss, the company demonstrated healthy non-GAAP net income and adjusted EBITDA, indicating operational efficiency and underlying business strength.
Revenue Performance by Segment
| Segment | Revenue |
|---|---|
| Overall Company | $114.0 million |
Interpretation: Revenue growth across segments was positively impacted by integrating Hearsay Systems.
Key Developments and Operational Highlights
- Successfully integrated Hearsay Systems.
- Rolled out enhanced social capabilities to the combined customer base.
- Positioned to capitalize on market interest in the platform due to trends in fragmented search and generative AI.
Comments from Company Officers
Mike Walrath, Yext Chairman and CEO, emphasized that the fiscal third-quarter results reflect the company's focus on operational efficiencies, margin improvements, and bottom-line growth. The integration with Hearsay Systems is progressing well, enhancing Yext’s product offerings and market positioning.
Forward Guidance
Yext updated its full-year outlook to project revenue between $420.3 million and $420.8 million and adjusted EBITDA between $67.0 million and $67.5 million.
Yext continues to demonstrate resilience and strategic growth potential through innovations and market positioning in an evolving digital landscape.
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