Yext Q2 adjusted EPS rises on platform expansion - YEXT News | RalliesYext Q2 adjusted EPS rises on platform expansion
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YEXT• Key operating details
- Growth in the enterprise ARR customer cohort accelerated, driven by improved retention and expansion.
- Q2 annual recurring revenue was $440.80 million.
- Revenue was a slight miss versus the $111.30 million consensus estimate, while adjusted EPS beat the $0.17 estimate.
Outlook and product development
- The company expects momentum in enterprise ARR growth to continue into the third quarter.
- Yext sees the industry shift toward agentic AI as a positive market tailwind.
- It also released a prototype of Corvo AI, a conversational platform for small business owners.
Q2 results and platform expansion
- US marketing platform's Q2 revenue declined 2% yr/yr to $111.1 million.
- Adjusted EPS for Q2 rose to $0.21.
- The company completed the GoShine acquisition, expanding the platform to brand-level AI search visibility.
