Yext, Inc. Q1 FY2026 earnings call

• Strong Q1 performance, outperforming guidance on all metrics and seeing continued strength into Q2.
• Fragmentation of consumer search market due to AI search is accelerating, elevating importance of managing digital visibility, which benefits Yext's core products and Scout.
• Core business health improving with better gross and net retention, customer satisfaction, and value perception.
• Rapid pace of innovation, focusing on profitability and efficiency growth, setting up a growth flywheel.
• Strong balance sheet and cash flow to reinvest in organic initiatives and pursue M&A/partnerships.

No specific detailed financial performance for product segments in terms of absolute revenue and contribution % provided in the transcript.

• Q1 outperformed guidance on all metrics, and continued strength into Q2.
• Overall outlook remains conservative due to macroeconomic uncertainty, but fragmentation in search market is fertile ground for Yext.

• Forward-looking statements subject to risks including industry evolution, product development success, integration of acquired businesses, management performance, and general economic conditions. Detailed risks in SEC filings.

Q: Naved Khan asks about Scout customers (mix of existing, new) and sales headcount for Scout.

A: Mix of existing, new customers on Scout waitlist; current sales headcount has room to grow, but will be opportunistic.

Q: Naved Khan asks about Scout sales cycle velocity and timeline to general availability.

A: Sales cycle likely shorter due to easy implementation and high value perception; product in open beta, incrementally rolling out customers, no specific general availability date yet.

Q: Ryan MacDonald asks about balancing enthusiasm/momentum with macro and Scout beta ROI.

A: Macro uncertainty causes caution, but fragmentation drives more search; Scout beta has 0% disinterest, high value perception, demonstrating value of core products.

Q: Tom White asks about Q1 revenue outperformance drivers and buyback.

A: FX rates helped, improved retention; buyback seen as attractive investment, not mutually exclusive with M&A.

Q: Rohit Kulkarni asks about net retention drivers and core Yext growth.

A: Improved value perception of core products helps retention; core Yext growth driven by retention and upsell.

Q: Rohit Kulkarni asks about loan facility from BlackRock.

A: SVB facility expiring, BlackRock partnership provides flexibility for M&A and growth initiatives.