Yext, Inc. (NYSE:YEXT) Q3 2023 Earnings Call Transcript

Marc Ferrentino: What has been and continues to be an advantage for us is our platform play. There are many competitors out there who can potentially provide one point solution, but not be able to bring them all together. And so we walk into every room with the advantage of having a very broad set of features within our platform that allow us to solve a broader set of use cases. On the listing side, we are the leader in the space. We continue to be a leader in the space. And you can see that with wins like the church and the agency inside the Department of Defense, which were competitive bids, competitive RFPs, and we were able to come out on top. In the search space with the win we had and the B2B commerce win that we had, I mean that was a highly contested win.

There was a huge complex functionality and features that we had to provide, scale, B2B commerce behind firewall, you name it, the full run there, and we were able to go against much more established players. We’ve been doing this a lot longer and come out on the right side of that, same thing with Block. So we’re feeling really, really good about each one of our product sets, each one of the products we have on the platform and how they’re performing in a competitive environment, and we’ll continue to innovate and we have a pretty robust roadmap that we’re very excited about. And so the key is to stay ahead and keep innovating.

Operator: This concludes our question-and-answer session, which also concludes our conference for today. Thank you for attending today’s presentation. You may now disconnect.