Yext Q1 Revenue at $107.9M, Below Consensus
Reports Q1 revenue $107.9M, consensus $112.1M. "Our first quarter performance highlights the structural efficiency and profitability of our operations, delivering $26.9 million in Adjusted EBITDA and a strong 25% Adjusted EBITDA margin," said Michael Walrath, Yext Chairman and CEO. "While AI has proven to be a disruptive force for many, we believe Yext is well positioned as technology consumption expands beyond human users to autonomous agents. Our sustained cash generation directly fuels our capacity to accelerate our roadmap, positioning Yext as the indispensable infrastructure layer for brands deploying AI agents. Looking ahead, the improving year-over-year growth in our customers with ARR greater than or equal to$50K along with our strong cash balance sheet allows us to simultaneously fund internal R&D, pursue high-return M&A to increase our velocity, and return capital to shareholders. Because of this, we believe the opportunity for Yext has never been greater."