Yext Inc

Yext, Inc. has signed a definitive agreement to acquire Flamel.ai, the company announced at its Envision customer conference. Flamel.ai helps multi-location brands run localized paid campaigns across Google, Meta, and ChatGPT, and the deal brings paid media into the Yext platform alongside search, listings, reviews, webpages, and social as channels teams and agents can act on with Scout's new multiplayer agent harness. The transaction is expected to close in the fourth quarter of FY27, which ends January 31, 2027, subject to customary closing conditions, and Yext expects to fund it with cash on hand. Yext plans to connect Scout's competitive visibility data to Flamel.ai's models, which set targeting, budget, and creative for each location, so agents can direct spend to locations where a brand is falling behind and check ad claims against verified Yext data. Michael Walrath, chairman and CEO of Yext, said Scout already sees where each location is winning and losing to competitors, and bringing paid media execution into Yext lets marketers spend where it changes the outcome. Paul Ehlinger, founder and CEO of Flamel.ai, said the depth of Yext's data across every location is exactly what its models need to make sharper decisions for brands.

Yext reported financial results for its fiscal first quarter of 2027, which ended April 30. The company achieved revenue of $107.9 million and an Adjusted EBITDA of $26.9 million, representing a 25% margin. Yext also reported an annual recurring revenue of $440.8 million and a basic net income per share of $0.02. During the quarter, the company completed a tender offer that resulted in the repurchase of 24.3 million shares for $140 million and increased its separate open-market share repurchase authorization by $100 million. CEO Michael Walrath emphasized that the company's structural efficiency and strong cash generation support its evolution as an infrastructure layer for brands deploying autonomous AI agents.