Yext, Inc. Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered director elections, auditor ratification, executive compensation, and equity plan amendments. All proposals passed by majority vote, and final results will be filed with the SEC. Forward-looking statements were noted as subject to risks and uncertainties.
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Q1 results exceeded guidance, driven by improved retention, FX tailwinds, and product innovation. Scout and Hearsay acquisitions are fueling growth, while a new BlackRock debt facility enhances flexibility for M&A and buybacks.
Fiscal Year 2025
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The company has transformed into a unified digital presence platform, launching Scout for AI-driven insights and expanding through acquisitions. Fiscal 2025 saw double-digit ARR growth, improved margins, and strong customer retention. Scout and multi-product adoption are expected to drive future growth.
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Integration of Hearsay and the launch of Yext Scout are driving product innovation and customer enthusiasm. Fiscal 2026 outlook is strong, with improving retention, EBITDA margin above 20%, and flexible capital allocation amid persistent but abating macro headwinds.
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2024 marked a year of stabilization, with improved profitability and strategic adaptation to a fragmenting search landscape. The company is leveraging product innovation, successful integration of Hearsay, and disciplined capital allocation to position for long-term growth and industry shifts.
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Q3 revenue grew 13% year-over-year, driven by Hearsay Systems and stable core business. Margin profile improved, with further gains expected. FX headwinds impact Q4 guidance, but underlying business remains stable and integration momentum is strong.
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Integration of Hearsay Systems is progressing, with cross-selling and operational synergies expected. Guidance reflects stable to modest ARR growth and low twenties adjusted EBITDA margin, while macroeconomic and regulatory risks remain key considerations.
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Announced acquisition of Hearsay Systems for up to $220 million, aiming to strengthen digital engagement in financial services. Full-year revenue guidance was lowered due to ongoing sales cycle and budget headwinds, but mid-single-digit ARR growth is expected by year-end.