Yext Suspends Quarterly Earnings Calls, Focuses on Long-Term Value

In its Shareholder Letter, the company states: "We operate on multi-year enterprise contracts. Our product cycles and investments are long-term in nature. Free cash flow and volume of contract renewals are seasonal. Optimizing for reporting intervals every 90 days does not enhance long-term value creation - it inhibits our ability to focus on our business. We are committed to providing full financial transparency through our regular filings and quarterly reports, and we will continue to engage meaningfully with shareholders who share our long-term orientation. But our management team's focus will be squarely on building value - not managing quarterly optics. As we look ahead, we are refining how we communicate with investors to better align with our long-term orientation. * We will continue to publish detailed quarterly shareholder letters alongside our financial results. * We will no longer provide forward-looking financial guidance. * We are suspending quarterly earnings conference calls. * We intend to host periodic Investor Day events to provide deeper insight into our strategy, product roadmap, and long-range plans. These changes reflect a deliberate choice. We believe executive time is best allocated toward product innovation, customer engagement, and strategic opportunities that enhance long-term shareholder value. Short-term forecasting cycles can distract from the work required to build an enduring, category-defining company. The Yext leadership team remains aligned, experienced and deeply committed to long-term value creation. The broader organization has embraced efficiency, accountability and innovation simultaneously."