Welcome to our dedicated page for Yext news (Ticker: YEXT), a resource for investors and traders seeking the latest updates and insights on Yext stock.
Yext, Inc. reports company news around its brand visibility and digital presence platform for multi-location brands. Its updates cover AI and machine-learning technology used to manage structured brand information across search, social media, websites, listings, reviews, reputation management, and customer engagement channels.
Recurring developments include quarterly and fiscal-year results, non-GAAP operating metrics, partner integrations with restaurant and digital marketing technology providers, and capital actions involving Yext common stock. News also reflects how the company positions its platform across AI search, traditional search, social channels, and direct communications for businesses managing digital presence at scale.
Yext, Inc. reported revenue of $99.3 million for Q3 FY2023, a slight decrease from $99.5 million in Q3 FY2022. Adjusted for currency fluctuations, revenue grew by 4%. The company narrowed its net loss to $12.3 million or $0.10 per share, an improvement from $24.9 million last year. ARR increased by 1% to $390 million, with a customer count rise of 6% to 2,900. Yext aims for Q4 FY2023 revenue between $100-$101 million and anticipates a non-GAAP net income per share of $0.02-$0.03.
Yext has introduced new features for restaurant brands, enabling them to manage pickup and delivery options via Google Business Profiles. This enhancement allows consumers to place orders directly through third-party services or a restaurant's website, thereby increasing user confidence while ordering. The implementation of Google Place Actions may enhance locations' visibility in organic search results. Yext's commitment to improving publisher integrations positions it as a leader in digital customer engagement, with over a billion updates annually across major platforms.
Yext, Inc. (NYSE: YEXT) announced that its Q3 FY2023 earnings will be released on November 30, 2022, after market close. Following this, the company will host a conference call at 5:00 p.m. ET to discuss financial results. A live webcast will be available on Yext's Investor Relations website.
For more information, visit Yext's Investor Relations page.
Yext (NYSE: YEXT) has launched its Fall '22 Release for early access, enhancing its Listings product. Key features include Listings Verifier for accurate listing visibility, new integrations with Twitter and Instagram, and improved notifications for users. The update also introduces Point-in-time Backups for easy version control of web pages and the Equinox Algorithm Update to enhance search functionality. These additions aim to improve user engagement and optimize digital experiences for organizations.
Yext has launched its Search product in the AWS Marketplace, enabling AWS customers to streamline billing and procurement. This integration allows customers to purchase Yext Search using existing cloud commitments, facilitating a simplified purchasing experience. The product enhances natural language search capabilities and has received over 250 five-star reviews on G2. According to Marc Ferrentino, Yext's COO, this initiative accelerates time-to-value and expands their reach globally. The partnership with AWS, initiated in 2018, aims to improve digital experiences for organizations.
Nielsen joins Yext as Chief Revenue Officer, bringing over 20 years of experience in enterprise tech. His previous role at New Relic saw him lead a team that tripled year-over-year growth, nearing $1 billion in revenue. Nielsen will oversee global revenue operations and drive strategic alignment across revenue functions. His appointment is expected to enhance Yext's sales and go-to-market strategy, aligning with the company’s mission to innovate digital experience solutions.
Yext has appointed Evan Skorpen as an independent director on its Board of Directors, effective immediately. Skorpen, a Partner and Public Portfolio Manager at Lead Edge Capital, brings over 12 years of experience in overseeing investments in growth-stage technology companies. Known for his contributions to tech firms, he aims to leverage Yext's capabilities in delivering customer-driven digital experiences. His role is expected to enhance Yext's operational efficiency and growth trajectory as the company continues to innovate in the digital space.
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Yext has been recognized by KMWorld as a Trend-Setting Product of 2022 for its Answers Platform, showcasing innovative solutions that enhance knowledge sharing within organizations. This recognition underlines Yext's strength in providing effective enterprise solutions powered by AI and natural language processing. Additionally, Yext was included in KMWorld's AI 50 list, emphasizing its impact in intelligent knowledge management. Joe Jorczak, Yext's Head of Industry for Service and Support, expressed pride in this acknowledgment, highlighting the platform's role in enabling organizations to deliver relevant answers across various digital platforms.
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