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Jan 31, 2024
Yext Q4 2024 Earnings Report
Yext demonstrated solid profitability with GAAP net income and Adjusted EBITDA up from the same quarter of the prior year.
Key Takeaways
Yext's Q4 revenue exceeded guidance, driven by strong reseller billings and one-time services, despite a 1% decrease year-over-year. The company achieved its first-ever quarterly GAAP net income and saw a significant increase in Adjusted EBITDA.
Q4 revenue exceeded guidance, primarily due to higher than anticipated billings from Resellers and one-time Services.
Delivered solid profitability, with GAAP net income of $1.7 million.
Adjusted EBITDA of $14.8 million for the quarter, up 36% from the same quarter of the prior year.
The company saw significantly greater lead volume year-over-year, which resulted in higher pipeline creation.
Forward Guidance
Yext anticipates revenue between $96.0 to $96.5 million and Adjusted EBITDA between $9.5 million to $10.0 million for the first quarter of fiscal year 2025. For the full fiscal year 2025, revenue is projected to be in the range of $400.0 million to $402.0 million and Adjusted EBITDA is projected to be in the range of $60.0 million to $62.0 million.
Positive Outlook
- Driving more value through our core products.
- Achieving best-in-class customer satisfaction.
- Capitalizing on our robust pipeline.
- Growing effective sales capacity through continued productivity gains.
- Continue to serve our new and existing customers well, we believe they will grow with us over time.
Challenges Ahead
- Our outlook factors in the impact of the large customer churn, which we calculate to be approximately $10.8 million in ARR.
- Our outlook also includes our assumptions for the continuing effects of a challenging macroeconomic environment.
- We cannot predict or control the macro-economic impact of ongoing uncertainty, and we observe our customers continue to take a cautious stance on new investments and are carefully examining each investment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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