From Financial Modeling Prep: 2024-12-10 02:51:00

Yext (NYSE:YEXT) stock dropped over 10% in after-hours trading following mixed third-quarter results. While revenue grew 13% to $114 million, earnings fell short at $0.12 per share compared to the estimated $0.14. The company reported an increased net loss of $12.8 million, despite annual recurring revenue rising 11% to $441.8 million.

Yext’s revenue for fiscal 2025 is projected to be between $420.3 million and $420.8 million, in line with analysts’ expectations. The company’s adjusted EBITDA for the quarter was $23.1 million, showing improved operating efficiencies. The revenue growth was attributed to the integration of Hearsay Systems, acquired earlier in the year, highlighting progress in its subscription-based business model.



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