Yext, Inc.

Good day, and welcome to the Yext, Inc. Second Quarter Fiscal 2025 Financial Results Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touch-tone phone. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would now like to turn the conference over to Nils Erdmann. Please go ahead.

Thank you, operator, and good afternoon, everyone. Welcome to Yext's second quarter fiscal 2025 earnings conference call. With me today are CEO and chair of the board, Mike Walrath, and CFO, Darrell Bond. During this call, we will make forward statements, including statements related to our future financial performance, statements regarding the expected effects of our acquisition and integration of hearsay systems, expectations regarding the growth of our business, our outlook for the third quarter and full fiscal year 2025, our strategy and estimates of financial and operating metrics, capital expenditures, and other indications of future opportunities, as further described in our second quarter shareholder letter. These forward-looking statements are subject to certain risks, uncertainties, and assumptions, including those related to the exit's growth, the evolution of our industry, our product development and success, our ability to integrate hearsay systems business with ours, our management performance, and general economic and business conditions. These forward-looking statements represent our beliefs and assumptions only as of the date made, and we undertake no obligation to revise or update any statements to reflect changes that occur after this call. Further information on factors and other risks that could cause actual results to materially differ from these forward-looking statements is included in our reports filed with the SEC, including in the section titled Special Note Regarding Forward-Looking Statements and Risk Factors. And our most recently filed quarterly report on Form 10Q for the three and six months ended July 31st, 2024, our earnings release and our shareholder letter that were issued this afternoon. During the call, we also refer to certain metrics, including non-GAAP financial measures. Reconciliations with the most comparable historical GAAP measures are available in the shareholder letter, which is available at investors.yext.com. We also provide definitions of these metrics in the shareholder letter. With that, I will now turn the call over to Mike.

Hey, everyone. Thanks for joining us today. Hopefully by now you've had a chance to read our press release as well as our second quarter letter to shareholders, which was posted to our website after the close of the market. We'd like to jump right into your questions. We can go ahead and do that now.